Hi,
I am from Mumbai, I need yours help,
I have a property at tamil nadu and i planned to sell a part of a land to a Plot Promoter. I finalise a X amount and we made an aggrement in a 20 rs stamp paper with out any registration, accroding to that he gave me advance in two post dated cheque, and the full and final settlement will be within 60 days. This was the actual deal.
In the mean time the advance first cheque was bounced ( stop payment ) by the promoter. Then i said clearly to cancle the deal, they requiest me to give two more days to clear the amount, But after 4 days they deposit very minimum amount in my account, after fifteen days i deposit my second advance cheque. The second advance cheque also bounced ( insufficient fund ). Again i called them i told very clearly, You people are not stick to your words and you are not capable to buy my property, so please cancle deal. Now the main point is, I gave as much as time to rectify and settle the final and full payment ( advance cheque was bounced ), But they failed to rectify their mistake and make my payment and now the time limit also barred.
They are calling and requesting me regularly, Now i am not willing to give the land to that particular Person.All i want to know is,
1) Can i take him to any legal action or not
2) Is that any possiblity he can take any legal action on me ( if Yes then how canhe )
3) What are the precaution i have to take save my property.
4) Can i sell this property to any other thired person now.
Thanks & Regards
R.Saravanan