[Resolved]  Vatika Group — Non payment of penalty for delay in possession of flat

I had booked a flat in Mar 2004 with Vatika. I used downpayment plan since they had advised this flat will be ready by Aug 2005. In fact they had provided literature showing different milestones and shown Aug 2005 as the last day.
In the apartment buyers guide they had mentioned they pay Rs 5 per sq ft per month as penalty charges in case this apartment is not delivered for possession for 3 years.

Last week i had finally received the possession letter which is good 4 years and 3 months from booking. Now vatika is not willing to pay the penalty. I will appreciate any help you can extend. Thanks,