Memorundom understing
kamal
(Querist) 25 February 2016
This query is : Resolved
Dear sir
I have entered mou to sale my property in mumbai in 2009.since my property with bank custody and the posession with me my settlement not happen with bank.bank not able to provide my original ducoment.i want to cancele my mou with the purchaser.but he is not willing to settle and demanding 4 time money(dameges) in court,which he gave when we entered mou for sale agreement.please advice what is solution for my problem.
Thanking you.
kamal
(Querist) 25 February 2016
Please suggest.
Rajendra K Goyal
(Expert) 25 February 2016
He can demand his money back with damages as per clauses of the MOU if deal is not complete.
Dr J C Vashista
(Expert) 25 February 2016
Settle the case amicably otherwise you will have to pay agreed compensation amount, as covenented in the MOU- however, it should be "Agreement to Sell" and not MOU as stated by you.
How the case of sale/purchase is still lingering on since 2009? It is strange/ unbelievable.
