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seller took money in his personal accounton sale of companies property


19-Feb-2023 (In Criminal Law)
Hindu, I paid somebody full amount of an industrial property and an agreement to sell(unregistered) was made. The property was in company's name but the person took money in his personal account and he also signed a resolution on company's letter head authorizing himself to take the amount in his own name. There are no signature of his partner anywhere. Then he sold the property to someone else and he got it registered in his name. Can the seller be tried under section 420? Can I get the property or my money back? How?
Answers (3)

Answer #1
528 votes
My dear friend you can complaint against your partner in concerns police station if police did not registered your complain then you move a application u/s 156(3)crpc through council in concerns court
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Advocate Mahesh Kumar Gupta

Adv. Mahesh Kumar Gupta

LawRato Kanpur | 50+ Answers
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Answer #2
970 votes
In your case first we want to know about the your payment mode. Which payment mode u hav done. If you give payment by check than you can go for a police complaint in 420, 406 and also go for a civil recovery suit in civil court.
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Advocate Satish Bhati

Adv. Satish Bhati

LawRatoGreater Noida | 400+ Answers
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Answer #3
737 votes
You can definitely file a case of cheating against the concerned person who misrepresented and took the money from you and thereafter sold the property to someone else. For recovery of your money you will have to file a civil suit as well.
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Advocate Nitin Chopra

Adv. Nitin Chopra

LawRatoAllahabad | 5+ Answers
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