praveenyadav RP 08 May 2018

Cheque bounce after sale of property

hello sir,

Iam Praveen from Hyderabad, I would like to get to your notice is that we have recently sold our house to one of the party 4days back and the registration process has been done on there name, wherein the party had issued us a cheque for10 lacks, we already represented it in bank, today the registered party along with the mediator broker had come to my residence asking to vacate the house with in a week or so, where in we have conveyed the mediator before registration saying that we need one month time to vecate the house.
the point is that the registered party now says that they will only clear the cheque once we vacate the house.
we felt so annoying with the situation as if we were layers.
what if the cheque gets bounces.
or is there anything we can do to cancel the deed as it in very early stages.
please help us to tackle this situation.

Reply Follow

6 Replies

R.Ramachandran (Advocate) 08 May 2018

First tell whether the cheque was cleared and the amount was credited to your account or not?

praveenyadav RP 08 May 2018

hello Mr. Ramachandran Garu,
The cheque got bounced yesterday.

manoj 08 May 2018

you dont vacate your house without clearing the balance amount towards registration. First you lodge complaint before sub registrar to cancel the deed. you have right to inform the registering authority within 100 days from the date of registration.
V E Manoj Kumar
Advocate
8686159292

Jai Hind 08 May 2018

lodge complaint before sub registrar to cancel the deed. Put up the cheque bounce proof along the report. Give a formal complaint in concerened police station along with documentary proofs of cheque bounce along with request for security cover.

Read more at: https://www.lawyersclubindia.com/forum/cheque-bounce-after-sale-of-property-178076.asp

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 08 May 2018

Do not vacate your house unless cheque amount is credited. Otherwise

The first step that must be taken in a cheque bounce case is to send a demand letter or legal notice to the person who has issued the cheque also called as 'drawer'. The demand notice can either be drafted by the aggrieved person himself or he can also take help from a lawyer to draft the same. A demand notice should be sent within 30 days from the date on which the receipt of cheque bounce is given by the bank to which the cheque is presented. However, if the drawer does not pay the amount within the stipulated period of 15 days from the date on which the legal notice is sent to him, then the aggrieved person could even file a cheque bounce case against the drawer in such a situation.

Kumar Doab (FIN) 08 May 2018

What is narrated in sale agreement and sale deed on clear payment and possession…!

Was these drafted by your own very able senior LOCAL counsel of unshakable repute and integrity specializing in civil matters and having successful track record ….. and worth his/her salt …?

Nevertheless since instrument of payment of consideration has returned unpaid..

Approach your own very able senior LOCAL counsel of unshakable repute and integrity specializing in civil matters and having successful track record ….. and worth his/her salt …and discuss in person and even with seasoned PIP to draft as per facts of the matter and proceed in best of your interest.. ….and counter other side…….