Dear Sir,
You can claim damages for not paying the amount within stipulated period. Get issue a legal notice and ask him to get register the property within 15 days failing which entire his amount to you will be forfeited and you sell the same to some other person. FOR LEGAL NOTICE CONTACT ME. FOLLOWING THE SC JUDGMENT
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FORFEITURE OF ADVANCE AMOUNT LEGAL SC
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO. 7588 OF 2012
[Arising out of SLP (Civil) No. 4605 of 2012]
Satish Batra .. Appellant Versus Sudhir Rawal .. Respondent
J U D G M E N T K. S. Radhakrishnan, J. 1.
1.Leave granted.
2. The question that has come up for consideration in this appeal is whether the seller is entitled to forfeit the earnest money deposit where the sale of an immovable property falls through by reason of the fault or failure of the purchaser.
19. We are, therefore, of the view that the seller was justified in forfeiting the amount of Rs.7,00,000/- as per the relevant clause, since the earnest money was primarily a security for the due performance of the agreement and, consequently, the seller is entitled to forfeit the entire deposit.