Sir,
On 03.02.2012, i have made sale agreement to my cousin's wife and power of attorney to cousin's friend for the period of 3 years in sale agreement. The above all is for borrowing finance from my said cousin of about 10 lakhs.The market value of my property is of 40 lakhs.My cousin paid me 5 lakhs. after he refuse to give me the balance. Once i knew he won't make further payment , i cancelled the power of attorney on 08.02.2013. Meanwhile my cousine made a sale deed on his wife's name,on 26.04.2013, using the cancelled power of attorney and sale agreenent.
On knowing the facts i have reported it in a local police satation, that we are not yet paid the loan payments,he made the sale deed without our knowledge,while we cancelled the sale deed,he is not giving money and cheating us.
The local police authorities advice us to make a civil suit. My question is wheather we should file the suit in which narrating that we have not yet paid any paisa. Or we should admit the receipt of 5 lakhs and asking the balance amount and contesting against the sale deed registration which affects our total ownership of building.
Please advice us in this situation.
Thanks and regards
