Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Rafiq Mansuri   29 March 2019

cancellation of stampduty registered agreement

Respected sir,
sir a seller want to cancel
stamp duty registered agreement because the purchaser is failing to pay the balance amount mentioned in the agreement with in 45 working days,so sir guide me how the seller can cancel


Learning

 3 Replies

G.L.N. Prasad (Retired employee.)     29 March 2019

The purchaser can bring suit for specific performance after issuing such notice to seller agreeing to pay the amount due towards full consideration.

P. Venu (Advocate)     29 March 2019

The seller do not have an absolute right to cancel the sale. He can only seek specific performance is making good the balance amount with interest.

Shashi Dhara   29 March 2019

If purchaser approaches civil court then defend that he has failed to fulfill the agriment conditions hence to dismiss ythe suit

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register