Transfer of property reg

When a property is subject to an unregistered sale agreement, it cannot be sold within three years of the agreement's date.

Your friend should first issue a lagel notice to the purchaser intimating the decision ot terminate the sale agreement as the buyer violated the conditions therein and instruct him to collect the advance amount.

Since this is an unregistered sale agreement, it is not enforceable in law, however the court may pass an order to refund the advance amount.

However when the suit for specific peroformance of contract is pending, it can be considered as lis pendens hence alienating the property duing the pendency of a civil suit pertaining to the property may draw adverse inference

When the buyer has filed suit for specific performance  of contract against your friend and is pendency before court then if any settlement deed has been executed by your friend would not only  draw adverse effect on case but also considered as lis pendency and the judgment of court will have binding effect on your friends son.

The settlement is void and illegal.

The agreement to sell is still in vogue and purchaser has every right to invoke the provisions of Specific Releif Act to perform his part of agreement.

To my knowledge and understanding, the decision of the Court would be bindin on the son as well.

However, the posting suggets deeper issues.

Respected Sirs,

           Thank you very much for your valuable opinions.

           But I haven't received reply for my second query.   Is there any possibility for Criminal action?

     Please clarify.

It will not come under crime.