I got into agreement to sale (registered) for selling my apartment in Mumbai.
There was 3 months clause in agreement to sale (verbally it was agreed to be a month though) to complete transaction.
However purchasers bank took some time to approve the loan and disburse the amount. Finally they disbursed the amount to my bank just on completion of 3 months. Now I have submitted orginals documents recieved from my bank to purchasers bank. He is just delaying disbursement even though everything is ready. (It's been than 4 months now from agreement date). He has sent me letter asking me to execute sale deed. However he is not responding well and delaying the process.
I am at the point now where I don't want to proceed with the deal because of the delays. What is best way to get out of it? Do I still need to give him notice and ask him to pay (which will mean further delay and opportunity for him to complete the sale deed inspite of delaying the process)?
or Can I just appoarch court as time has already lapsed and ask for cancellation of the deed?
Any other thoughts?