Agreement of sale

George Lobo (Querist) 23 January 2013 This query is : Resolved
I have been given a flat by a builder as part payment under a M O U to sell my ancestral property to him. A agreement of sale was also entered and registered and possession of the flat handed over to me without any payment.

However as the ancestral property is under litigation , I now want to return the flat to the builder and Mutually cancel the M O U.

My query - Since the agreement of sale was registered , can the agreement be revoked?

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ajay sethi (Expert) 23 January 2013
you need consent of bulder

Advocate Bhartesh goyal (Expert) 23 January 2013
It depends on builder if he has no objection to revoke the agreement, then it can be possible.

prabhakar singh (Expert) 23 January 2013
It can be revoked mutually but by an other registered instrument.

George Lobo (Querist) 24 January 2013
Thank's to all the experts for their valuable advice. However in case the builder doesn't agree ,what is the course of action I should take ?

ajay sethi (Expert) 24 January 2013
cotact a local lawyer . show him the papers . go by his opinion .

Raj Kumar Makkad (Expert) 24 January 2013
I have nothing to add in the already given advice.

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