Hello legal fratenity,
Looking for advice.
As a family we have sold a piece of land to a builder for a certain sale consideration (chennai) with an agreement of payments to be made within 12 months. However, the said builder/buyer has paid only 50%, even after 14 months period.
Also............we have provided "power to construct" to the buyer.
The builder/buyer has invested 50 lacs worth consruction so far.
We have NOT entered a JV.....it is just a sale. with a clear cause mentioning "time is the essence of this contract". The buyer asks extra time & lapses later. His attitude is the same everytime. There were cheques bounces & fake promises of payments. What can we do in the given circusmtances?
regards
Karan
