indranil lath (proprietor) 27 July 2011
sir, i am purchasing a shop in a market under construction.payment terms are such that a part to be paid at the time of sale aggreement (regestered). balance consideration to be paid in four monthly instalment in the form of post dated chaque to be paid at the time of possession and exicution of sale deed.
in a regesterd aggreemant for sale ,can we use the word POST DATED CHAQUE ? can a sale deed be exicuted after paying the balance consideration in the form of post dated chaque?
please suggest
adv. rajeev ( rajoo ) (practicing advocate) 27 July 2011
If the post dates cheques are not honoured then you can initiate criminal proceedings against the person who has issued the post dated cheque. Issuance of post dates cheque amounts to discharage the legally payable debt.
Advocate Rajkumarlaxman (Advocacy) 27 July 2011
Execution can be done on the basis of PDC's and rest remains as it is stated by our Expert
Isaac Gabriel (Advocate) 27 July 2011
Mutual trust is the essence of the post dated cheque, and it is subject of legal action if dishonoured
DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE ) 27 July 2011
But registration will not be allowed by PDC.
Madala Venkata Rao (Profeesion) 28 July 2011
post dated cheque is valid instrument, there is no problem for writing with regard to the post dated in cheque in your under standing and it is use full for u
indranil lath (proprietor) 28 July 2011
jeetendra patel (lawyer) 30 July 2011
REGISTRATION OF THE DOCIMENT WILL BE ALLOWED WITH POST DATED CHEQUES PROVIDED THERE MUST BE REFERENCE OF THE ASPECT THAT TITLE WILL BE PASSED SUBJECT TO REALISATION OF THE CHEQUES.
J.P.PATEL PUNE ADVOCATE (9921158871)
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