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Car sold to someone but buyer not paying balance amount
13-Oct-2023 (In Recovery Law)
Sir I am working as a branch Manager in Insurance company.I was using a car given by ( registred in the name of company) for last almost 6 yrs. As per our scheme company has given me new car.The company has given NOC on my name to sell the car for old car in my name.Now I can sell this car.I had decided to sell the car to one person for certaion amount (3.2 ) lacs .He had given me advance of Rs.2.7 lacs.Now he is saying that he is not ready to pay the balance amount Rs.50k.The NOC is still on my name .The byuer has tsken the delivery of car after the advance.Now he is refusing to give the balan e money as well as the car.We had not made any written agreement on stamp paper.But just on paper.Please suggest me the solution.Thanks
You can send legal notice through Advocate for the balance payment.
If he fails to make payment of the balance amount then you can file civil suit for recovery of your balance money.
Though it may take 6 to 8 months but you will get back your money.
If he fails to make payment of the balance amount then you can file civil suit for recovery of your balance money.
Though it may take 6 to 8 months but you will get back your money.
Helpful?
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Adv. Namitabh Kothari
Mumbai | 400+ Answers
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Dear sir, buyer is not paying you may be because according to him amount was agreed only Rs.2.70 lacs. If you have any proof for balance amount, you send legal notice for balance amount. Despite service of notice if no payment comes, then you will have to file case in civil court for recovery.
Helpful?
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Adv. Sunil Kadam
Mumbai | 100+ Answers
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