Lester Barnes (Associate Manager) 16 November 2013
I entered into a agreement to purchase a flat (resale) by paying a token which stated that the complete payment towards the sale need to be done by 40 days.
As I could not accumulate the funds, the sale had to be cancelled.
The owner is now not returning the token money paid.
What is the law towards such cancelled agreement and what should legal action should I do to retrieve the money.
ashok kumar (Social Worker) 17 November 2013
If U can mail me the draft of the agreement I will give a concrete reply
ashok kumar (Social Worker) 17 November 2013
ashokkumar@calibreplacements.com
BAALASUBRAMANNYAMM (Advocate) 18 November 2013
Send a legal notice for cancellation of the Agreement of Sale and further asking him to return back your token advance amount. If your token advance amount is in lakhs, you can file a suit for recovery and made an attachment against the said flat seeking a relief of "not to alienate' until your amount returns.
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