![]() ![]() Can buyer drag Seller in Court., What is remedy available to seller. Seller has no money to return due to crises in USA, and wants buyer to buy flat.Ĭ. Is MOU executed on ₹100/- Stamp paper legally valid in Court.ī. Kindly suggest Seller's legal stand on it :Ī. It is agreed between the parties here to that the TRANSFEREES shall revert in 45 days time regarding title of the documents and if any defect is found it shall be rectified by the TRANSFERORS, failing which entire amount of Rs.7,50,000/- without any interest, shall be immediately returned to the TRANSFEREES, If the TRANSFEREES refuses to buy the SAID FLAT on account of all title clearance by concerned Bank/Financial Institution, this amount shall be forfeited And the TRANSFEREES shall have no claim on said property of any sort of and the TRANSFERORS will be free to sell the SAID FLAT to any party. Seller suggested to give time 6-12 months to complete transaction (buyer refused)Ĥ.Buyer told on call if Seller did not return full token back he will put Court Stay on property, and seller won't be able to sell the flat.ĥ.Whereas in MOU following clause is inserted duly signed by both parties: ![]() now buyer don't want to do deal he wants his whole token money back. My friend (USA NRI) entered into a flat Sale transaction in mumbai, at distress rate with buyer,ġ.seller made MOU on ₹100/- stamp paper (not notarized) on for transaction to be completed by ,ģ. Buyer defaulted in property purchase agreed MOUĬovid-19 virus situation is affecting our lives negatively as much as anyone's!. ![]()
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