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Booking amount collection from builder

(Querist) 06 August 2012 This query is : Resolved 
Hi, I had booked a flat with Par****** Builders, Virar West and have made a payment of 15% of total cost... However due to some differences between me and the builder, I decided and informed the Builder to cancel the booking. Since the sales guy wanted the booking receipts the same day he made the payment, we agreed to transfer the money via RTGS. Now today on the day of payment he mentioned that RTGS was not possible hence he would provide the cheque.He is insisting on handing over the receipts before the payment. Should we do this?
My concern is what if we handover the booking receipts before clearance of the cheque and the cheque bounces.. How can we go about further getting our money back as we would not have any proof available with us as to the booking was done...

Please reply at the earliest.

ajay sethi (Expert) 06 August 2012
ask for bankers cheque or demand drfats of nation alised bank . give receipts then
Purvi Gawde (Querist) 06 August 2012
Hi, Thanks for your reply... We asked him for payment via pay order or DD.. However he is reluctant and is adamant.. He is been asking us to collect the cheque...

Request your further assistance
ajay sethi (Expert) 06 August 2012
then it is your call . you have to decide .
Purvi Gawde (Querist) 06 August 2012
What I want to ask is incase the cheque bounces, can this be taken this be taken up legally without the receipts?
ajay sethi (Expert) 06 August 2012
write on receipt cheques subject to realisation
Purvi Gawde (Querist) 06 August 2012
Thanks for guidance... God Bless
R.K Nanda (Expert) 04 July 2013
nothing to add.


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