LIVE Course on Transfer Property Law | Price Hike in 4 days | Grab it now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Cancellation of registered sale deed

Querist : Anonymous (Querist) 14 January 2022 This query is : Resolved 
Owner of commercial mortgage (with bank since 2014) property .
I had taken written permission from bank (after part bank loan clearance) to undertake part sale of property and undertaken 3 registered sale deed for part sale of property .
Cases filed against me :
1. Notary agreement for execution for sale of 1/2 share of property .
2. Ownership for full property (family dispute - filed by sister) .
I have undertaken 4 registered sale deed to clear bank loan .
3 chqs received for full consideration against registered sale deed .
1 chq received for part consideration against registered sale deed ( part consideration received through NEFT).
All the chqs have dishonoured .
Could not pay balance bank loan interest and a/c is NPA at present .
Plz advice legal course of action for cancellation of registered sale deed .
kavksatyanarayana (Expert) 14 January 2022
To register a cancellation of the sale deed, the buyer and the seller of the sale deed shall execute the cancellation deed. Otherwise only State/Central Government or a decree of a civil or high court have powers to cancel a registered deed ( in your case the sale deed).
Querist : Anonymous (Querist) 14 January 2022
Thank you for valuable information

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

Click here to login now

Post a Suggestion for LCI Team
Post a Legal Query