We have given Rs.24 lacs to a person on sale agreement cum GPA by registering with local Registrar office by paying stamp duty and the person has given sale agreement cum GPA to us 50% of the total land and building which was not physically demarcated but legally on papers. The same person has taken several loans from several people in the city by giving promisory notes and cheques. We have given the said amount for interest which was not paid for the last four months. Now the person is absconding. Shall we go and register the sale deed to make it absolute title by becoming vendy and vendor?..By spending 1 lakh if we do complete registration in our favor will it help when anybody puts an attatchment on the property through court OR shall we keep saleagreement cum GPA? OR is there any proper course of action?
