Remedy as buyer not paying dues & has paid only token money for plot
26-May-2023 (In Property Law)
I sold my plot to a man who paid the token money and asked for 3 months time to pay the complete amount. But even after 3 years, he hasn't paid the amount he should have, including the interest and now seems to be not in a condition to do so either. But in the mean time, he sold the portions of plot to different shopkeepers, though even they have not given him the complete payment yet. Now, what should I do as to get my share of money, the property is at my name only.
Do you have a sale deed ? If yes then you may go for execution of sale deed in this regard and compel him to pay the due amount to you. Further I need to review your all dosuments pertaining to this transaction to advise you in the regards of further sale by him.
The issue stated herein is basically a carelessness on the part of seller. The only remedy in law is the suit for specific performance which can be filed against the buyer. So you can file a suit for specific performance.
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