M/s Assotech Limited
Irrelevant charges on Final Payment

M/s Assotech limited has imposed following irrelevant extra charges on final payment:-

1. Extra Charge due to increase in Super Area: Increase in Super Area is arbitrary and neither prior intimation nor approval from me was sought. Hence demand of additional charges for the same is highly objectionable. Had, the area been increased in living area then, I would give a thought to accept it but increase in balcony area is insignificant and frivolous. It may be justified that on what grounds/basis such decision was taken by the company. Moreover, AC window space is provided towards ground on the wall in the balcony which has decreased the balcony area mentioned in the contract. This should be compensated by the company.

2. Interest on accounts of delayed payment: The delay in the payment was the result of the non-agreement between the Banks and Assotech. I had submitted all documents one by one in four banks (Indian bank, Allahabad bank, Axis bank and finally in Union bank of India) as per directions of Mr Surya Bhan, but banks delayed and refused to loan because M/s Assotech had not provided some documents to bank. In construction linked payment plan Bank disburse payment to builder if bank satisfies there is considerable level of construction activity. I have always written on time to the Bank for release of amount but M/s. Assotech delayed the construction activity thereby causing the bank to disburse the amount accordingly.

Moreover, it is beyond my comprehension that why company is calling such payment as ‘delayed’. All the payments are made on the time based on the construction level completed by the company. If the Bank was not satisfied with the construction, then I could not force the bank to disburse the amount because it was between bank and the M/s. Assotech to quantify the amount of construction done.

Company: M/s Assotech Limited
Country: India
State: Uttar Pradesh
City: Ghaziabad

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