House sold but buyer failed to make payment
11-Apr-2023 (In Property Law)
If some one has sold the house/flat but the buyer has not given payment due to cheque bounce then what is the procedure under these circumstances and procedure for re registration of property back to seller also the seller died after selling property to buyer.
Serious consequences follow. Need to study your contract and sequence of events. you have all the protection available from the courts and law is strict in such cases. You have to file civil and criminal cases. Please let me know the status of possession which will very crucial in the said case.
You can lodge complaint or FIR nd prooceed under section 138 NIAct or you can go for cancellation of sale deed..
proceeding in N I Act is better course of action.
As it has punishment of six month prison or double the amount defaulted.
proceeding in N I Act is better course of action.
As it has punishment of six month prison or double the amount defaulted.
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