Hi,
I had booked a plot and developer had agreed to do NA of plot in a month. He executed a notorized agreement that if he fails to do NA, I can claim back my money with 18% interest. 6 months later the NA was still not done & we cancelled our booking and asked him to refund. He gave us two post dated cheques (with 15% interest rate as opposed to the 18% interest that we were promised)
we deposited one cheque 3 months later on the day of the cheque and it bounced . (bank says builder issued a stop-cheque) on the payment. he is not ready to pay. he is just postponding.
We consulted a lawyer & she is advicing to go for summary procedings against him. please advice on what would be the best way to handle this.
Regards,
Rahul
