BANAKHAT (TOKEN AMOUNT)

Querist : Anonymous (Querist) 20 December 2010 This query is : Resolved
IN GUJARAT STATE IS THERE ANY LEGAL RULES IF SELLER HAS TAKEN MORE THAN 10% AS TOKEN MONEY FOR SELLING OF ASSETS ON BANAKHAT BASIS AND PURCHASER CANNOT MAKE REST PAYMENT OF SALES VALUE IN THIS SITUATION HE CANNOT FORFIET THE BANAKHAT. BECAUSE HE HAS TAKEN MORETHAN 10% AS TOKEN OF TOTAL SALES VALUE PLEASE GUIDE ME

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Sachin Bhatia (Expert) 20 December 2010
Terms and conditions of aggrement to sell will decide what ammount should be forfited.

SACHIN AGARWAL (Expert) 20 December 2010
The terms and conditions described in written agreement shall decide the fate.

Khaleel Ahmed Mohammed (Expert) 20 December 2010
Repeated query already replied.

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