Sale of agreement
suresh
(Querist) 05 January 2015
This query is : Resolved
sir,
we have singed sale agreement by taking a token amount, clause in the agreement was on or before 90 days subject to the sanction of the loan , after few days he came with some correction saying that banker needs some changes in the agreement again we have singed on the 2nd agreement there is also same clause that on or before 90 days and subject to the sanction of the loan , again he came with another agreement saying because of the hug amount there will tax problems , please we have to change the amount value for tax issues, we agreed and singed on that , but there was no clause but one month time, ,
now is period of agreement is over by the first(90days) and last agreement(1 month) i.e 90 days and 1 months , after few days one of my creditor have lost faith and trust on me , because i was saying that we have disposed property and taken token amount for sale consideration , remaing balance amount will be given at the time registration, like we thought we will be paying creditors balance which is being dragged for 5 moths, he filed a suit against me and brought the injunction order, now this buyer is also sending me legal notice saying that we will file a civil and criminal case against me , please help me how to deal with them, creditor is not at all agreeing to raise the attachment before i pay this amount , i can't do registration to buyer when there is injunction order, buyer agreement is lapsed but he is also showing the same issue and trying to file a case against me
Dr J C Vashista
(Expert) 05 January 2015
Incomplete information.
1. What is your status qua property i.e., seller or buyer, which you have not mentioned throughout the query?
2. In any agreement time is essence and the other party has every right to get it enforced the agreement throught the Court of Law. Nothing wrong/illegal.
3. Contact, consullt and engage a local lawyer for perusal of documents, proper professional advise and guidance.
Rajendra K Goyal
(Expert) 05 January 2015
Author supply the information asked by the expert.
T. Kalaiselvan, Advocate
(Expert) 07 January 2015
Your query is still missing some information due to which no proper opinion can be given. Better consult a local lawyer with all papers, take his opinion and proceed.
suresh
(Querist) 08 January 2015
has it is very clear that i am the seller , have taken token amount, what still missing , please let me know?
