Repairing fund

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    • #930
      Bimal Shah
      Guest

      Sir
      My society is issuing maintenance + Repairing fund both. i am paying maintenance regularly but unable to pay huge repairing fund. can society charge interest on repairing fund ???

    • #959

      If the bye-laws of your society provide for payment of interest on the delayed payments (of repair fund), then they can claim interest from you.     


      Dr. Ashok Dhamija is a New Delhi based Supreme Court Advocate and author of law books. Read more about him by clicking here. List of his Forum Replies. List of his other articles. List of his Quora Answers. List of his YouTube Videos.

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