I paid a ₹50,000 booking amount (June 16th) by cheque and another ₹1,00,000 by cheque after the booking period ended. The seller gave me a simple receipt for one lakh rupees as part payment. Now, I don’t want the property because the seller hasn’t provided documents needed for my loan application after six months. How quickly can I legally get my money back? I’m renting in Chandigarh and want to avoid a long legal process. My booking agreement states that if the property isn’t registered, I’ll get my money back without interest. The booking was made with person A, but the property is registered in person B’s name.

Apni Law
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Law Forum › Category: Property › I paid a ₹50,000 booking amount (June 16th) by cheque and another ₹1,00,000 by cheque after the booking period ended. The seller gave me a simple receipt for one lakh rupees as part payment. Now, I don’t want the property because the seller hasn’t provided documents needed for my loan application after six months. How quickly can I legally get my money back? I’m renting in Chandigarh and want to avoid a long legal process. My booking agreement states that if the property isn’t registered, I’ll get my money back without interest. The booking was made with person A, but the property is registered in person B’s name.
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Apni Law Staff asked 3 years ago

I paid a ₹50,000 booking amount (June 16th) by cheque and another ₹1,00,000 by cheque after the booking period ended. The seller gave me a simple receipt for one lakh rupees as part payment. Now, I don’t want the property because the seller hasn’t provided documents needed for my loan application after six months. How quickly can I legally get my money back? I’m renting in Chandigarh and want to avoid a long legal process. My booking agreement states that if the property isn’t registered, I’ll get my money back without interest. The booking was made with person A, but the property is registered in person B’s name.

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Best Answer

Apni Law Staff answered 3 years ago

You can legally claim a refund as the seller failed to provide documents for your loan and hasn’t registered the property in your name as per the booking agreement. Since the property is registered in someone else’s name, you can file a legal case for breach of contract and seek refund of both payments, along with interest. Consult a lawyer in Chandigarh to understand your options and the best course of action.

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