Recovery of loan, salary and execution of sales deed
Querist :
Anonymous
(Querist) 19 December 2010
This query is : Resolved
Facts:
First party and Second party were friends since schooldays. Second party was running X gym in Delhi, which is still function. First party joined the Gym for physical workout. After completing his studies and acquiring enough fitness training first party decided to start his carrier in the fitness industry and joined as a Branch Manager in a leading brand. Latter on he joined as a membership manager in an UK based Gym.
Second party had been insisting First party since long to join his Gym. First party joined on February 2009 in Gym as a General Manager (salary of one ninety thousand per month). The Partner of the Second party is a property dealer and offered First party to purchase of the property which belonged to one of his friends in New Delhi and the market value of the flat was 76.5 Lakhs. First party accepted the offer in accordance on Oct 2009, he paid Rs.4 lakhs as a advance confirmation amount and her mother singed the sales deed agreement and paid a complete black money Rs.26 lakhs with in 2 months addition to rest of amount his mother arrange the bank loan in join account with her son (First party) of Rs 46 Lakhs to complete the deal. However, the deal never happened nor the money was return.
Under the pressure of his family when First party showed his worried about the Rs 26 lakhs black money, Second party proposed First party if you sing cancellation of sale deed on behalf of your mother than he can manage to return advance. To ensure him Second party proposed to converted advance black many into personal loan by signed a personal loan agreement of Rs 26 lakhs for two months with 12 % interest early on May 2010.
Moreover Second party sold one share certificate of upcoming CGHS and received one lakh cash from him. Society share certificate does not having proper stamp & seal mention any date addition to that society registration no..
Apart from this, since Aug 2009 first party’s salary had not cleared till this date and the total pending amount is Rs. 13.5 lakhs.
A salary cheque of amount Rs.65.000/- of dated 10 May 2010 bounced on 14 May 2010, and now second time bounce on dated 15.11.2010 after deposit on date: 14.11.2010.
We are ready to pay for the service
R.Ramachandran
(Expert) 19 December 2010
Dear Anonymous,
Before rendering any professional services, the matter needs to be studied in details with reference to the available documents and facts.
Since you are situated in Delhi, perhaps you may contact any one of the LCI members available at Delhi or contact us by first sending PM.
Raj Kumar Makkad
(Expert) 19 December 2010
If you deem fit, I can provide my professional services to you. You may also contact me.
