Dear Sir
On verbal discussion my buyer has given me 1 Lac on 23rd March 2012 as token advance for booking of my flat and I have given him a money receipt and a provisional allotment letter mentioned that I have received a token amount from him. He had committed me that he will pay me the 15% minus 1L on or before 15th May 2012 and rest of the balance within 30th July 2012.
After non fulfillment of the commitment I have sent a notice to take necessary steps to pay me the amount within the stipulated period or I will not be liable or bound to refund his token money.
Please advice me whether there is any rules or there is any clause the buyer will harass or hamper my life or prohibit to sale my property according to Indian Property Law.
