HI Sasi sir
1) First question is why you paid such huge amount.
2) What is the history of earlier relations with the party.
This party who had done this is my father in laws sister and husband. As we are staying in some other state and the property was in father in laws name his sister and husband asked him to put this property on a collateral loan on 2006 and as they didnt pay, Indian bank started attahment and again they convinced my father in law that they will get that property back but they required time but till that time they have to pledge this property on a private bank with some legal agreement , as my father in law had some trust in them he agreed but his relatives again cheated and total debt rise to around 35.5 lakhs. As the agreement was on such a way that after 2010 nov entire property will be on that private banks name and they had done all the registration work and started staying on the house at that time only me and my wife came to know this as we discussed with some advocate they told to get back this property as it worth some huge money, so we talked with this private bank and they given it back for 35.5 lakhs. Currently this property is in my name.With the help of adv we made an agreement with this father in laws relative and they told they will pay it back after selling this school or making a partner on there school. But all this agreement had failed and he had agreed to pay the amount on installment and first two itself failed and he is now telling me that if I go to court as it is CBSE school i cannot attach it. Another treat is that they will suicide and put mine or my wifes name
3) From where you got the funds.
I sold gold worth 20 lakhs of my wifes( I have bill from jewellery and there transfer details)
5 lakhs from savings (Reciepts available)
10 lakhs on loan