Law of limitation

kamal (Querist) 27 April 2012 This query is : Resolved
I SIGNED UNREGD.AGREEMENT TO SELL HOUSE for 20lacs AND WAS PAID 4LAC ON 8AUG 2008 AND AS PER TERMS I WAS TO BE PAID BALANCE AMT ON 28FEB 2009 AND IN CASE BUYER DEFAULTS HIS AMT PAID WILL BE FOREFEITED. ON 28 FEB BUYER DIDNOT TURNUP I GOT MY ATTENDANCE MARKED. 0N 3RD MARCH2009 HE PAID 4 LAC MORE AND REQUESTED TO GRANT TIME UPTO 31MARCH2009 TO WHICH I AGREED. NECESSARY ENDORSEMENT WAS MADE ON AGREEMENT ITSELF.AGAIN HE DIDNOT COME AND I GOT MY ATTENDANCE MARKED. I ALSO SENT LEGAL NOTICE DT 5MAY2009 ASKING HIM TO GET REGISTRY DONE WITHIN 15 DAYS FAILING WHICH AGREEMENT STANDS REVOKED AND AMT PAID WILL BE FOREFEITED.HE DID NOT BOTHER FOR NOTICE.PL.GUIDE UPTO WHICH DATE HE CAN FILE SUIT FOR SPECIFIC PERFORMANCE OR ASKING FOR REFUND OF MONEY PAID.IS IT LEGALLY SAFE FOR ME TO SELL IT AS I SUPPOSE LIMITATION WAS UPTO 2MARCH 2012i.e 3yr from 3march 2009 when he paid 4lacand sought 1 month extension.

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Adv.R.P.Chugh (Expert) 27 April 2012
Dude you are asking this question again and again, just changing the phraseology.

adv. rajeev ( rajoo ) (Expert) 27 April 2012
It is necessary to go thru., the agreement of sale to say about the limitation.

MohammedRaffiq Bijapur (Expert) 27 April 2012
There is still time for the proposed vendee to get execute the agreement. if u make sale of the property right now it would be at ur risk and consequence.

prabhakar singh (Expert) 29 April 2012
03 years to be counted from "20 May2009"the time you gave him as grace by your notice ;else it was "31 march 2009?"