Token Advance receipt cancellation
viru
(Querist) 01 April 2011
This query is : Resolved
Sir/Madam,
We received a sum of onelakh rupees as a token advance and the property values to around sixty lakhs from the buyer (who is an advocate and it was a white paper in which my son scribed it and I made the siganture and no witnesses at that time) about a one and half yeas ago, during these time the buyer didnt made any representations with us, but now after this long period he is insisting us to enter into an agreement with the earlier rate as he is stating that you had not mentioned any time limit to enter into an agreement but we are not willing to give to that rate as the land prices got enormously high. We arenot even having the photostat copy of the said token receipt, we didnot even memorise what we had written on that day, so I request you that is there any way to cancel his token receipt, Is the white paper token receipt valid and we will pay back his token amount with interest, how can we proceed against him legally
R.Ramachandran
(Expert) 01 April 2011
Is there any linkage to the property in question in the Receipt given by you?
Jitendar Kumar gupta
(Expert) 01 April 2011
what you mean by white paper. Is it was a blank paper. Pl.tell.
For more information call 9868529732
Mail:guptajkin@gmail.com
viru
(Querist) 02 April 2011
Sir,
I'm very much thankful for your imeediate response
As we are not even having the photostat copy of the receipt and upto my memory we wrote as the below
Receipt
City.... My name......To...... S/O...... the plots belongs to us in the below schedule will be given to you at the rate of Rs...per sqyd for that amount today we received a sum of one lakh rupees in advance from you. The plot numbers which belongs to us
my signature
NOTE: No witnesses at that time
The matter was dictated by him and my son wrote it on white sheet, it is not a bond,stamp paper and was written one and half years ago
viru
(Querist) 05 April 2011
could anyone please tell me whether the token receipt written on a white paper valid and how to cancel it
