Dear All,
I want guidance from all of you learned people on the issue as explained here.
A & B entered into an M.O.U. where B had agreed to purchase some land which was to be allotted to A from Government.
At the time of the M.O.U. the land wasn't existing. B agreed to pay 10% of the consideration amount to A as a token and gave him three cheques.
Out of these the first two cheques were honoured and the third cheque was returned for the reason of inssufficient funds. A informed B about this and B promised to pay him by another cheque within 15 days.
Beleiving him, A handed over the cheque to B in good faith. Even after Two & Half years, B hasn't paid anything to A.
Now A has lost confidence in B and does not want to continue with A in any manner therefore A sent a notice to B asking him to take his money back.
B is not coming forward to take his money back. In such a case:
Can A approach the Court to get the deal cancelled after depositing a Demand Draft or Pay Order or Deposit the amount in the Court's Custody and get the deal cancelled?
Because if B does not take his money back, A will not be able to sell the property to another buyer or B will unnecessarily harras the new owner.
What is the best legal solution for this problem?
A can deposit the money with the court anytime. Please suggest .....
Thanking you in advance
