Consider consequences before stopping EMI

The National Commission observed that once proceedings before the Debt Recovery Tribunal were completed, Ahmed could file a fresh complaint if a deficiency in service existed

Nazeer Ahmed had booked a flat in a housing project undertaken by Kishorkumar Gokaldas at K G Marina Bay in Chennai. The understanding between the builder and the flat purchaser was that the total consideration would be Rs 8,987,263, which would include the price of the flat and common areas totalling 1,865 square feet (sq ft), a private terrace of about 475 sq ft, one “open sky parking”, as well as Rs 4,849,147 towards 788.41 sq ft as the undivided share in the land. It was agreed that possession would be given by July 27, 2008.
 

Ahmed took a loan