The document cancels an agreement to sell property between two parties. It details amounts received for the prospective sale and a schedule to return those amounts now that the agreement has been cancelled. Both parties sign agreeing to cancel rights over the property except for the return of payments.
The document cancels an agreement to sell property between two parties. It details amounts received for the prospective sale and a schedule to return those amounts now that the agreement has been cancelled. Both parties sign agreeing to cancel rights over the property except for the return of payments.
The document cancels an agreement to sell property between two parties. It details amounts received for the prospective sale and a schedule to return those amounts now that the agreement has been cancelled. Both parties sign agreeing to cancel rights over the property except for the return of payments.
The document cancels an agreement to sell property between two parties. It details amounts received for the prospective sale and a schedule to return those amounts now that the agreement has been cancelled. Both parties sign agreeing to cancel rights over the property except for the return of payments.
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E-STAMPING CERTIFICATE NO.
IN-DL27048189406688U
CANCELLATION OF AGREEMENT TO SELL & PURCHASE
This Deed of Agreement is executed at Delhi, on this 3rd day of May 2022
BETWEEN
Ms. Aarushi Tuli D/o Late Sh. Narinder Paul Nayyar R/o C-2/157, Janak Puri, New Delhi hereinafter called as Party No.1.
AND
Shri Sudhir Lamba S/o Sh. R.S. Lamba R/o Flat no. 370, Pocket A, Sector- 17, Dwarka, New Delhi - 110075 hereinafter called as Party No. 2.
The expression of Party No.1 & 2, wherever they occur in the body of this Agreement shall mean and include their respective heirs, legal representatives, successors, administrators, executors and assigns etc.
Whereas both the parties entered into an Agreement to Sell in respect of Built up upper ground floor without roof rights out of built up property no. 157, area measuring 210 Sq yard, block A, Sector-8, Dwarka, New Delhi with one fourth in common parking area at Stilt vide E-stamp certificate number: IN-DL31949727564594T issued and executed on 02 Oct 2021 of which the originals were kept with Party No. 2.
That the final date of the agreement for complete payments i.e. 03 rd day of January 2022 has already passed long ago.
That Party No.1 has already given additional time till the date of execution of this agreement to Party No.2 for completing the transaction but to no avail and Party No.2 has not been able to complete the transaction by making full payments.
That Party No.1 cannot give more time to Party No.2 and still out of goodwill gesture intends not to forfeit any bayana values given by Party No.2
Now whereas both the parties have mutually agreed to cancel the aforesaid Agreement to Sell and Party No.1 has agreed to refund the following amount to Party No.2, on/before 15 Aug 2022.
Page 1 of 2 E-STAMPING CERTIFICATE NO. IN-DL27048189406688U
The following amounts were received by Party No.1 from Party No.2 against the prospective sale of the aforesaid property:-
1. Rs.10,00,000/- (Rupees Ten Lacs) were received vide cheque no. 726881 dated 03/10/2021 draw on Axis bank.
2. Rs. 40,00,000/- (Rupees Forty Lacs) were received as CASH values.
At the time of sign-up of this cancellation agreement, the following amount
has been returned to Party No. 2
1. Rs.10,00,000/- (Rupees Ten Lacs) CASH
The remaining value of Rs. 40,00,000/- (Rupees Forty Lacs) shall be returned on/before 15 Aug 2022 in the format received by Party No. 1.
Now upon signing this agreement Party No. 2 or his legal heirs hereby forfeit all their rights over the said property and shall have no claim/objection on the said property except the due returnable value from Party No. 1 in the time stipulated above and Party No. 1 remains the absolute owner of the property with rights to sell to any other third party.
In witness whereof both the parties have signed this Agreement in the presence of the following witnesses:-
