Sale deed dispute

Any sale deed can be cancelled if it is executed between the buyer, seller(land-owner) and builder.  consult a local experienced advocate to file a case against the builder and owner in the court concerned.

Hello,

Sale deed can be cancelled as builder is also not willing to sale the plot now. The refund of the money paid will be as per terms and conditions agreed between the parties and the circumstances of the case. In your case, it is builder's default so you can approach consumer forum for compensation. 

How there could be three parties in  a conveyance deed?

Apparently, the Landowner did not receive the sale consideration and his not filing a case under Section 138 is beside the point and it does not change the facts. Therefore, you have to fight for a refund of the money paid by you to the Developer. Had you paid the Sale Consideration directly to the Land Owner, the problem would not have arisen, or at least at the time of sale, you should have objected merely cheques (which by then not realized) being mentioned in the sale deed. The Developer definitely duped you and the Landowner. 

Therefore, you may contact a local competent and reliable Lawyer, explain all the facts and show all the documents, and proceed legally against the Developer duly including the Landowner to hand over the land failing which the refund the money with interest. Of course, the case may drag on several years and you may have to wait for the outcome.

Dear Sir i am very grateful for the illustration. Just one more query  if there is any time limit to file case against builder. I heard it is 3 years from date of payment.

Three years from the day of payment in the case of Debt.  This is not a case where you loaned the amount. Since you are aggrieved by the fact that the Seller did not handover the possession you are filing the case. Contact a reliable and competent Local Lawyer and get a case filed immediately on both the Developer and the original Owner demanding possession of the property as per sale deed and failing which refund of the money paid by you with interest.