- As per law, the limitation period of filing a suit before the court is three year from the date of agreement.
- Further , if the seller has already received the total amount , then he is bond to execute Sale deed in favour of buyer or to refund the entire amount with interest.
- If the seller has refused for the same , then the buyer can send a legal notice to the seller , and on refusal the buyer can file a suit for specific performance & Permanent Injunction on the ground of that registered agreement , for getting direction in his favour and to restrain the seller to sell the property to third party.
- However both can settle the dispute in the court and outside court as well, and after the amicable settlement , they can cancel the said agreement .