Cancallation of mou
Anu
(Querist) 26 April 2016
This query is : Resolved
We have made a Aggreement of sale /MOU for buying a flat on 500 rs stamp paper and notarised it with the help of lawyer. But now the seller wants to cancel the deal since the terms and condition written in MOU for money and possession is not acceptable to him. At the time of MOU we have given him(seller) 1 lakh rs as token amount, which now he is denying to return us. and told us that first we have to make a cancellation draft on 100 rs stamp which he will check and if he finds it ok then make us the payment through check.
1.we have asked him to return the money through DD( as we don't have any faith in him any more)
2. we want the cancellation draft that he wants to be formed should be done by him only, as he cancelled the deal.
So, on this basis how can we take back our token amount from him by legal process as he is denying from both the above points.
P. Venu
(Expert) 27 April 2016
You may file a civil suit.
Rajendra K Goyal
(Expert) 27 April 2016
An agreement is entered, if he want to come forward to cancel the deal, let him agree on your terms else meet local lawyer, send legal notice and file case of specific performance.
