sriram (Site Engineer) 10 November 2011
Hi I have given a receipt in my own hand writing. But the receipt has started with the word agreement.
I have written a receipt for receiving some advance amount for proposed sale of a property. As the part is well known I have given agreemtn for the security. Later due to some problems I cannot sell property. Is it possible to cancel an agreement ( which is not registered)
kumar t v s (advocate) 10 November 2011
Basing on the receipt/agreement the holder can insist on purchasing and can also file a specific performance suit. Try to convince the party in cancelling the deal and return the amounts.
Collect the original receipt and destroy the same after cancellation/repayment, otherwise obtain another receipt for return of amount mentioning the cancellation of deal.
Raghav Sood (Lawyer) 11 November 2011
it is not agreement in your case the agreement is not stamped having no value
more over the latest SC JUDGMENT even discards such deals SURAJ LAMPS VERSUS STATE OF HARAYANA
sriram (Site Engineer) 11 November 2011
Thank you for the valuable replies. The conetents I put here are part of the problem as my case is bit complecated could I get some time of you to discuss little deeper.
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