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Gopinath Ramanathan (Advocate)     07 August 2012

Corpus fund

The builder collecting corpus fund from the customers, Clauses and conditions are not mentioned in sale agreement and construction agreement between customers. After one year completion the association formed against the builder. Now 1/3 of the customers are not willing to give corpus fund to the flat owners association. Now builder can give collected corpus fund to the customers with interest. what type of legal consequence will happen in future?



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