Property deal

rajsh (Querist) 03 September 2012 This query is : Resolved
I had planned to purchase a flat form a investor who had booked the flat in pre launch scheme. The registration between the investor and builder is not yet done. I had paid a token amount of 1.5 L to him which he has accepted and acknowledge on a plain paper.
Now at the time of doing the agreement between me, investor and the builder- the investor is not ready to come in person to sign the deal.
Because he is not ready to come to sign the agreement [he stays in another state] the deal is mutually cancel.
however now he is refusing to return my token amount.
What can I do now?

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adv. rajeev ( rajoo ) (Expert) 03 September 2012
Issue legal notice to refund the amount with interest, if he paid no problem, if not you will have to file a suit for recovery of money.