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shikher gupta   11 August 2016

Time barred in case of property installments and possession

i want to know the time barred debt provisions in case of commercial property

I paid 4 installements (cheques) approximately 35% of total consideration during 2009-10. can i ask the money back? or is it time barred? what about possession of property?



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 2 Replies

rajeev sharma (Advocate Ex senior manager law )     11 August 2016

the amount paid for purchase of house is not debt. refund will depend on the terms of agreement.

shikher gupta   11 August 2016

but if i want it to be refunded, will then it'll be treated as debt?


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