(1.) The petitioner was allotted an MIG flat on hire purchase basis by allotment cum demand letter dated 25th September, 2003. The total cost of the flat was Rs.8,94,570/-. As per allotment cum demand letter, the petitioner was required to pay Rs.5,37,060.82/- by 29.11.2003 or with interest latest by 27th February, 2004 in which case he was liable to pay Rs.5,56,925/-.
(2.) The allotment cum demand letter also specifically states as under:-
(3.) It is an admitted case of the petitioner that he had deposited Rs.2 lacs on 28th January, 2004 Thereafter, he had deposit Rs.13,600/- on 5th February, 2004, but he did not deposit the balance amount in terms of the allotment letter.