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Token amount refund -- How to get initial amount refund from seller
20-May-2023 (In Property Law)
I have given 5L token (cheque) amount for a resale property before lockdown but now there will be an issue with future payments and emi as there no future income prospects because of lockdown. how can i proceed to get my token amount back and is the seller is liable to refund the amount from a legal point of view. till now no paperwork/agreement to sell is done
Well, Agreement is must so that it can be termed as sale agreement/allotment letter.
anyway, was this done through neft/rtgs or what was the mode. if online, did you mention in the reference transaction- token amount or towards sale agreement, etc
if no, you are at weak position. however, he must refund the amount to you if you cant go ahead. he may deduct/forfeit certain amount but you dont tell him on this but be ready for it.
if he deducts 50k to 1lkh let him as a last option and receive rest of the amount because if you challenge it in court, you will pay more then.
so for 5 lakhs amount, ask him to refund else police complaint.
you may contact me if he doesnt return aany amount as i advised above
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लाॅकडाउन के दौरान भी उत्तर प्रदेश की सभी जिला एवं सत्र न्यायालयों में आवश्यक मुकदमों तथा जमानत संबंधित प्रार्थना पत्रों पर निरंतर सुनवाई की जा रही है।
आप अपने अधिवक्ता के माध्यम से संबंधित न्यायालय में जमानत प्रार्थना पत्र प्रस्तुत कर सकते हैं ।
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Adv. Sumit Agarwal
Jhansi | 200+ Answers
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