Agreement cancelation to take money back

Y.V.Ramarao (Querist) 30 April 2015 This query is : Resolved
Dear Sir / Madam,

I have made an advance payment to purchase two plots in a same venture. They have provided agreement separately for both plots. The Plots are in 12.3 acres agriculture land of a venture waiting for the converions. After bifurcation of Andhra Pradesh
CRDA (Capital region development authority)has stopped registrations and also the land conversions. The above plots are near Gannavaram airport. Today (30th Apr 2015) In Eanadu news paper there is a announcement for the expansion of Gannavaram Airport. The expansion will be also in china autpalle village as in the news.

I will ask them to return the advance payment. If they said to wait or No-refund I need help on approaching them legally.

Please suggest me how do i do this?
Looking forward for your kind reply.

Thank you,
Ramarao

Follow Query

Report Abuse

Devajyoti Barman (Expert) 30 April 2015
Premature query. Let the situation arise AND then come to us.

Rajendra K Goyal (Expert) 01 May 2015
If so happen and they do not return your money send legal notice followed by consumer complaint.

Guest (Expert) 01 May 2015
Until & unless the land in question is acquired by the state for expansion of the airport or for any other purpose, your demand for refund would not be justified merely on the basis of supposition made on account of media reports. However, refund can be asked on mutual discussion and would depend solely on the terms of the agreement or as of goodwill gesture of the company.

T. Kalaiselvan, Advocate (Expert) 04 May 2015
Well advised by expert Mr. Dhingra, nothing more to add.

malipeddi jaggarao (Expert) 06 May 2015
No more to add on the adice of expert Mr.Dhingra. You will have to wait or settle the matter amicably.

Y V Vishweshwar Rao (Expert) 09 May 2015
If there is time limit in the Agreement , and if it is not possible to perform one either part of the parties to complete the agreement , the agreement can be cancelled , Send a letter n writing to the Vendor an record your option and Vendor options to put on record that your are not at fault in payment of the amounts in time . An agreement can be cancelled when it is not possible under a new Govt Policy / Law / Rules . No One is Responsible for the Non Performance of Agreement . The Situations to be closely scrutinized by the both parties to come to final conclusion!

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now