JK Premises Coop Society, Sector 17, Vashi, Navi Mumbai
Excess penalty on delayed maintenance payment
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 ...