sale deed on post dated cheques

vinod.joshi (Querist) 10 September 2015 This query is : Resolved
Sir I have had deal of my property my remaining amount is 200000/- as buyer says to do datavej and giving me post dated cheques.I want to know if it bounced will I be able to get that money as once dastavej is done it can't be cancelled. Please guide me.

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Devajyoti Barman (Expert) 10 September 2015
It is never wise to execute sale deed on the basis of post dated cheque.
Insist on cash or DD. Do not sell the land if he insists for post dated cheque.

Nitish Banka (Expert) 10 September 2015
Its not advisible

Rajendra K Goyal (Expert) 10 September 2015
Refuse to accept post dated cheques.

Kumar Doab (Expert) 10 September 2015
Don't agree to accept post dated cheques.

T. Kalaiselvan, Advocate (Expert) 18 September 2015
There is nothing wrong in accepting the post date cheques for this transaction provided you impose a condition stating that the vendor reserves the right to cancel the registered sale deed in the event of the cheques given for consideration gets bounced due to any reason rendering the consideration as not passed. .

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