Land dispute - stamp paper not registered
Hi,
My father-in-law (FIL) was in possession of a land in Maharashtra. The ownership of the land is divided into 4 parties - Father-in-law, Mother-in-Law, two brother-in-law.
My father-in-law, some years back, decided to sell the land to a party and received Rs. 1 Lakh as token amount for this deal. The agreement to sell was then written on a Rs. 100 stamp paper but the same was NOT REGISTERED, also the deal was made only between the buyer and father-in-law, none of the other 3 owners (mother-in-law and brothers-in-law) had signed the agreement.
After a couple of months, due to some reasons my father-in-law decided not to sell the land to the party as the rate agreed with him was much below the current market rate. But the buyer insisted that the agreement be honored. After much argument between the two, the buyer filed a case against my father-in-law for him to sell this land to him at the agreed rate.
Now, the case was going on for a year and so and my father-in-law suddenly passed away last year and as accordance with the Indian rules, the case then got transferred to my Mother-in-law and brother-in-laws. The buyer has also gone ahead and put up a notice on the land that he owns it, also he has started construction activities on the land.
We do not want to sell the property to him unless he gives us the current market rate, for which he is not ready.
So my question here is -
1. Is the agreement valid, given that it is Unregistered and that not all parties signatures(mother-in-law, 2 brother-in-law) are in it ?
2. Can the buyer actually claim that he owns the land and start his activities in it, given that the case is still not resolved ? Is there any way that we can stop it ? The lawyer we have hired is not providing us with any answers, hence asking here.
Asked 8 years ago in Civil Law