Dear Sir,
I am in problem for getting balance payment from a buyer of old commercial vehicle.
Actually I sold my commercial vehicle to a person against the deal amount of Rs. 85000/- I hand over the vehicle against only Rs. 10000/- cash payment, as he spoke for balance payment within 2-3 days, but he made delay for balance payment, and after 15 days he is giving many reasons for negociation to reduce to deal amount. Finally I agreed on 83500/- and I told him that if this amount is not affordable, he can return my vehicle after using 15 days And I will return his Rs.10000/- at same time. But he deny to cancel the deal and agree for Rs. 83500/-
There is ongoing vehicle loan from a sahakari bank for same vehicle. I ask him for payment of complete amount and I will provide him no due certificate from bank. But he ask for flexibility for payment, He gives me three PDC cheques of part payment and balance bank insatallment he will pay on regularly at given date to bank. Two cheques are berar and one is on a/c payee. All three chques are cash.
But for the bank installment he doing delay, 1st month he did not paid, 2nd month also he did not paid, bank asking me for payment. when I pressurise that buyer for payement he issue only one installment by cheque. that cheque was clear.
Now after two months vehicle has got some mechanical problem and it required 10K to 12K expenses. that's why the buyer refusing to pay balance amount, He saying I cheat him by selling faulty vehicle to him. After many request he is not agree to pay balance installment to the bank or me. He says clearly to do what I can.
Now the condition is original papers having with me. I did not sign on any paper for selling this vehicle. He made one agreement after one month of deal. And it is noterised. But I did not sign on it anywhere. He just gives me only xerox copy of this agreement.
So, Please suggest what can I do, or where I will get help. Please suggest.
Thanks..
Pramod
