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Abhijit ppp (no)     10 March 2021

Builder used corpus fund before hand over of apartment

We purchased flat in Jan 2015. Builder hand over apartment to the members in July 2016. Till the time of hand over Builder used Rs. 3,50,000/- from corpus fund. What can be done now?




 1 Replies

Anirban Chatterjee (Advocate)     04 June 2021

It is difficult to comment on the matter without knowing the detail under which terms and conditions the Corpus was deposited in the first place, in some cases the Builders may have retain the right to use the Corpus for some specific purposes or there could be instances where some other apartment owner have not paid maintenance charges and the builder has adjusted the shortfall form the corpus. As I said more information is required for give an opinion on this

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