Need case reference for gpa cancellation and damage claim

Charles Rajakumar (Querist) 29 March 2021 This query is : Resolved
I have signed the unregistered JV agreement with a landlord for 75:25 Ratio. I paid 1.5 Cr as an advance and I have proof for that. I must give 4 flats out of 16 flats. I have completed 75% of the building construction. With out any valid reason landlord send one notice and on the same day he cancelled my POA. Now demanding additional 1 crore to give the power for sell the property.

Because of landlord reticules activity I lost near about 5 crore and interest. Now the case is running in arbitration court. I am planning to ask 5 crore pluse 24% interest on my investment. It is possible to claim 24% interest ?

Now I need a similar case reference and the judgement copy to claim my loss. Please help.

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Quick Summary

A property developer entered into an unregistered JV agreement and paid a significant advance. Despite completing 75% of construction, the landlord cancelled the Power of Attorney without valid reason and demanded more money. The developer, facing substantial losses and interest, is seeking case references and judgments for arbitration to claim back their investment plus 24% interest.

P. Venu (Expert) 29 March 2021
Any meaningful suggestion requires that the documents be perused.

kavksatyanarayana (Expert) 29 March 2021
Yes. The Joint Venture Agreement with other particulars needs to be verified to suggest you. so consult a local advocate for further guidance.

Sankaranarayanan (Expert) 30 March 2021
I do endorse experts

krishna mohan (Expert) 30 March 2021
It is worth consulting a legal expert with available documents you are relying on for worthy advise. You can make counter claim before the arbitration tribunal and you have accepted to proceed with arbitration process.

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