Jaypee Greens — Legal action against jaypee for delayed possession of flats

S

shivaniagarwal.legal

from Noida, Uttar Pradesh

Address:

Gautam Buddh Nagar, Uttar Pradesh

Dear friends,

Completion of the jaypee projects in noida is highly delayed, and negligible compensation is being provided. I am planning to initiate legal action against jaypee to receive appropriate compensation. This can be up to 18% per annum which comes to an additional rs. 45 lakhs compensation for a 5 year delay on a flat worth rs. 50 lakhs. This will also help in speeding up the possession. I have already spoken to a trusted lawyer in this regard and i believe that we have a strong case.

My lawyer has further informed me that service tax should not be collected on such flats. However, jaypee has collected service tax at the rate of 3.5% from all o[censored]s. 3.5% for a flat worth rs. 50 lakhs amounts to rs. 1.75 lakhs. We would certainly not get this back without a legal battle.

It would be better if more o[censored]s come together and contest the case as a group. I already have a few members in the group. We are planning to file two cases:
1. Compensation for delayed possession
2. Refund of the service tax wrongly collected

In you are interested in joining the group, please reach out to me at shivaniagarwal. [protected]@gmail.com and i will share the advice received from my lawyer in relation to the various claims that an allottee can have against jaypee in the present circumstances.

Kind regards,
Shivani agarwal
Hivaniagarwal. [protected]@gmail.com
Allottee in jaypee kosmos, noida

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J

Jain Sanjay Kumar

from Agra, Uttar Pradesh

I have paid entry cost of above flat by Oct-2011 till date i have not got my flat as per agreement it was supposed to be delivery by jan-2015.

i am paying EMI to financing banker since Oct-2011.

our unit reference no. oca0021008 & customer id no. jgnoca0021008 for Jaipee Greens Orchards

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A

Advocate Ira Gupta

from New Delhi, Delhi

Hello Everyone,

This is Advocate Ira Gupta. The Jaypee has committed agaisnt many people and now intentionally the Jaypee is undergoing insolvency proceedings.

I am helping all buyers to get the ready to move in possession of flat / villa / office space of Jaypee in lieu of the payment made by the buyers in any project.

This is the best and easy way to recover moeny invested in Jaypee by various people because as per law the buyers are unsecured creditors of the company, so in case of insolvency the buyers will be the last people to whom the payment shall be made by Insolvent Professional. Also, there is no guarantee whether the money will be received with interest or not.

So, taking into consideration the entire situation, the best way is to take possession of ready to move property instead of waiting for the money back.

If anybody is interested in taking ready to move in possession of property, then do contact me. My contact details are:

Ira Gupta
Advocate
[protected]

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