Refund of token money
sachin
(Querist) 28 April 2013
This query is : Resolved
Dear Sir,
I have booked a flat in supertech Noida capetown project through a broker named “ALLCHECKDEALS” and given a token money of Rs. 50000 cash on a plain paper receipt duly signed by them and me.
Our deal was that they help me in getting me home loan and after sanctioning of loan I will give bayana to them on account of that property which is 10% of the property cost.
But due to some reasons my home loan application got rejected and the broker is denying refunding my token money.
Is there any legal way to get my money refunded?
R.K Nanda
(Expert) 28 April 2013
send legal notice to him to refund ur money.
sachin
(Querist) 28 April 2013
can it be refunded as per legal terms?
R.K Nanda
(Expert) 28 April 2013
yes, it can be refunded.
ajay sethi
(Expert) 28 April 2013
there is no clause for forfeiture of earnest money . you have not signed any such agreement . issue legal notice for refund of earnest money
Devajyoti Barman
(Expert) 28 April 2013
tHE BUILDER IS BOUND TO RETURN THE EARNEST MONEY, NOT THE BROKER. GO TO THE CONSUMER FORUM FOR NECESSARY RELIEFS.
R.K Nanda
(Expert) 28 April 2013
after legal notice u can file consumer complaint also.
Raj Kumar Makkad
(Expert) 29 April 2013
I do endorse the advice of experts on this subject.
