Dear Sir,
Recently we sold our land and made an agreement with a person for 5 lacs on dec 2014 agreement was valid upto feb 14, the same person brought one of his friend and registered the land on his friend's name on jan 20. now he has sent a legal notice stating we have not returned his 5lacs and deprived him from getting the property and have sold to someone else before the agreement clouser period, agreement originals are with him.
What are procedure for replying legal notice ? What reply need to be given?
What if we dont reply within stipulated date what would be his further action?
Kindly Reply.
Thank you
