JK Premises Coop Society, Sector 17, Vashi, Navi Mumbai
Excess penalty on delayed maintenance payment
- 10-20-2009
- 216
I own an office in a commercial building. The society issues maintenance bill, quarterly (once in 3 months), in advance. The due date is set as middle of the quarter. Recently I paid the bill at the end of the quarter. The society has charged a penal interest of 21% on the whole bill amount starting from the 1 st day of the quarter, in the next bill! Is it right and legal?
Company: JK Premises Coop Society, Sector 17, Vashi, Navi Mumbai
Country: India