Respected Satish Jee ,Congratulations for such diligent efforts !!But just wanted to know the in depth meaning of the line quoted by you "a few allottees were granted a breather from paying the undue and exorbitantly huge instalments to YEIDA for residential plots allotted by the authority".Is this stay order only applies to the complainants (whol filed the case ) or to all allottees of the YEA.Your prompt and indepth reply will be highly appreciable .!!Regards,Nitin
On Monday, December 23, 2013 4:15:05 PM UTC+5:30, satish gupta wrote:In presumably a first of its kind against the Yamuna Expressway Industrial Development Authority (YEIDA), a few allottees were granted a breather from paying the undue and exorbitantly huge instalments to YEIDA for residential plots allotted by the authority. In a consumer complaint filed before the National Consumer Disputes Redressal Commission (NCDRC), New Delhi, 4 aggrieved allottees have alleged unfair trade practises being carried out by the YEIDA and have also highlighted that close to 12000 more allottees are facing the wrath of such practises by YEIDA.
Ishaan Madaan, a Delhi High Court Advocate appearing for the Complainants, pressed for interim relief before NCDRC submitting that since YEIDA does not have possession of the land on which firm allotment of plots have been made to thousands of allottees; the Authority has no right to raise demands from allottees which also include hefty amount of interest. The court was inclined to restrain YEIDA from raising further demands and from encumbering the allotments of the complainants. The impact of such restraint is that those allottees would now not be compelled to make payments of further instalments and YEIDA cannot cancel their allotment in such event.
Since the year 2010, the Allahabad High Court has stayed the acquisition of several parcels of land which was sought to be acquired for YEIDA but the Authority has continued to charge huge amounts of instalments from the allottees, who are worried about the fate of their allotted plots. The alleged unfair trade practices carried on by YEIDA include the following:
· YEIDA does not have possession of land on which plots have been identified and allotted but has continued to allot and transfer plots.
· YEIDA has charged a hefty interest of 12% on each instalment and has continued to charge huge amounts from the allottees.
· In the event of failure to make payment, YEIDA has sent ‘Defaulter notices’ to the allottees, penalising the latter to pay additional 14% interest compounded half yearly. Further the allottees have been threatened of cancellation of allotment and forfeiture of paid up amount
· Most allottees have paid over 75% of the premium and 4 years have lapsed since allotment, putting YEIDA under obligation to handover possession; which the authority is not willing to give.
· YEIDA is not carrying out development for the allottees.
Very well done
--
--
You have received this message because you have subscribed to the Google "YEIDA" group.
To visit this group, please click the link http://groups.google.com/group/yeida
To post a message to this group, kindly send an email to ye...@googlegroups.com
You can unsubscribe from YEIDA group through our web interface or via email.
(1) To unsubscribe through our web interface, please go to http://groups.google.com/group/yeida click the "Edit My Membership" link on the right-hand side of the group's homepage. Then click the "Unsubscribe" button on the page that appears.
(2) To unsubscribe from YEIDA group via email, please send an email to yeida+un...@googlegroups.com
For help or assistance, kindly contact one of our YEIDA group moderators: Arnab Mukherjee, Raj Yadav, Safal Suri, Nagin Chand, Naveen Deep Sharma or Harpreet Singh Guller via email: mode...@yeida.org
Alternatively you may write to Safal Suri at safa...@gmail.com or speak on +91-9811182828
---
You received this message because you are subscribed to the Google Groups "YEIDA (Yamuna Expressway Industrial Development Area)" group.
To unsubscribe from this group and stop receiving emails from it, send an email to yeida+un...@googlegroups.com.
To post to this group, send email to ye...@googlegroups.com.
Visit this group at http://groups.google.com/group/yeida.
For more options, visit https://groups.google.com/d/optout.
--
I have paid one time payment and also ready to go in court for relief. My number is 9711600091.
--
--
--
You have received this message because you have subscribed to the Google "YEIDA" group.
To visit this group, please click the link http://groups.google.com/group/yeida
To post a message to this group, kindly send an email to ye...@googlegroups.com
You can unsubscribe from YEIDA group through our web interface or via email.
(1) To unsubscribe through our web interface, please go to http://groups.google.com/group/yeida click the "Edit My Membership" link on the right-hand side of the group's homepage. Then click the "Unsubscribe" button on the page that appears.
(2) To unsubscribe from YEIDA group via email, please send an email to yeida+un...@googlegroups.com
For help or assistance, kindly contact one of our YEIDA group moderators: Arnab Mukherjee, Raj Yadav, Safal Suri, Nagin Chand, Naveen Deep Sharma or Harpreet Singh Guller via email: mode...@yeida.org
Alternatively you may write to Safal Suri at safa...@gmail.com or speak on +91-9811182828
---
You received this message because you are subscribed to the Google Groups "YEIDA (Yamuna Expressway Industrial Development Area)" group.
To unsubscribe from this group and stop receiving emails from it, send an email to yeida+un...@googlegroups.com.
To post to this group, send email to ye...@googlegroups.com.
Visit this group at https://groups.google.com/group/yeida.