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Car sale agreement on stamp paper


21-Nov-2023 (In Civil Law)
Hi, I bought a car from friend as he need money for personal work. Currently 24 EMIs are pending on the cars so he made a sale agreement on 500rs stamp that he will pay all the remaining emis and after getting NOC he will transfer the car on my name. And its clearly written that if he wont pay/ default any EMi and id bank try to charge penalty or try to get the car in possesion, he will return my whole money which I paid him in cash. What if he wont pay the emi, can I file a case vi stamp?
Answers (2)

Answer #1
947 votes
hello sir according to your query you can file a specific performance suit in nearest civil Court further more query please contact me immediately definitely I will help you according to your query and I will suggest you what should you do
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Advocate Kunal Sharma

Adv. Kunal Sharma

LawRato Jaipur | 400+ Answers
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Answer #2
793 votes
Better option is that you make a promissory note for the money and take a cheque from your friend for it.. And make sure signature of witness also.. This will be a better option for money recovery if he fails to repayment
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Advocate Ketan Dhabhai

Adv. Ketan Dhabhai

LawRatoJaipur | 5+ Answers
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