agreement dispute for transaction of new house

umesh (Querist) 18 July 2015 This query is : Resolved
1. An agreement is executed for sale of newly constructed house at layout between Vendor and buyer.
2. Vendor has agreed to clear or free from all encumbrance / minor claims etc before registration of sale deed.
3.Vendor has agreed to pay the double amount if failed to executing the registration.
4.Now problem arise that the house is under bank loan and bank needs 20 days to give the No due certificate after settlement of all loan amount to vendor.
5.Buyer is not agreed to pay the bank loan amount to vendor in 20 days advance since buyer is already paid Rs. 5 Lakhs as advance / part payment.
3.Buyer is not ready to takeover the bank loan amount since he is not agreed the point in agreement.
5.Buyer arranged the full required payment amount from different sources viz. Departmental PF and asked the vendor to registration with original document.
6.Vendor denied to registration since bank loan clearance and also due to other original document asked by buyer.
7.Vendor is now acting that due to this her mind is restless.
8.Buyer has asked through letter after one and half month to registration since he has to reply his Govt. dept. regarding PF withdrawal is not yet used.
So Please advice what to do next.
regards

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