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Kunal Shah (Proprietor)     24 July 2017

Co. op. housing society due date falls on sunday

If the due date of the maintenance bill of a Co. Op. Hsg. Society falls on a Sunday (RBI NEFT Holiday), and the bank thus transfers funds through NEFT on the next working day, i.e. Monday, is the Co. Op. Housing Society correct in charging late payment interest?


 2 Replies

Siddharth Srivastava (Advocate)     24 July 2017

No, it is unfair on part of society. 

Kunal Shah (Proprietor)     27 July 2017

Dear Mr. Siddharth,

Thank you for your response. I know it is unfair, but I need to substantiate my response by quoting relevant laws. Is there a law that I may quote in my letter to the society?

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