On October 31, 2020, a 40-year-old man was arrested by Noida police for defrauding a bank of two Crores Rs., falsifying sales documents and borrowing. On the same day, Madurai Principal Sessions Judge G Ilangovan granted early bail for document registration without prior verification to two sub-registrars arrested by the Dindigul District Crime Branch. According to the police, they registered the deed of sale without checking the certificate of hardship, as well as the original documents, parental documents, death certificate, etc. What the sales contract creates is a right for the buyer to buy the property in question under certain conditions. Likewise, the seller obtains the right to obtain the consideration of the buyer if his part of the general conditions of sale is respected. CONSEQUENTLY, both parties signed this agreement in the presence of the following witnesses: 15. If, before the completion of the transfer of the building, the building, including the dwelling, is notified by the Government for the acquisition or requirement in accordance with the Acquisition Act or any other law currently in force, the Buyer is not entitled to terminate such contract and, in the event of the acquisition of the Building, including the said Dwelling, the Buyer is entitled to a proportionate part of the compensation, if it is granted by the Government or by another authority. If the dwelling in question is requisitioned by the government or another authority, the buyer is entitled to the compensation granted by the claims authority for the dwelling. 9. Party 1 does not preclude Party No. 2 from transferring to another person or having the sale carried out on its behalf or on behalf of its applicant under this Agreement. 2.
Part 1 ensures in Part 2 that the above-mentioned dwelling is exempt from all kinds of charges such as pre-sale, donations, mortgages, disputes, disputes, suspension decisions, seizures, notices, acquisitions, rights, rights, pledges, guarantees, securities, HUF, Benami, property or other registered or unregistered charges, and if this fact is found differently, which means that some or all of the above-mentioned pledge rights Housing from the hands of Party No. 2 Party No. 1 will compensate for the damage suffered by Party No. 2. In cases where you have purchased and taken possession of real estate under a contract of sale, title to the property remains in the hands of the developer, unless a certificate of sale has been executed a posteriori and registered under the Indian Registration Act. Thus, it is clear that a title to immovable property can only be transferred by a deed of sale. In the absence of a duly stamped and registered deed of sale, the buyer of the property does not have the right, title or interest in a property. c. The seller pays all expenses, including inheritance tax, taxes, charges, customs duties, charges and expenses until the date of handover of the property to the owners and delivery of the building. 4.
That Party No. 1 also has an irrevocable general power and special advocates with respect to said housing in favor of Party No. 2 executed and all such acts of counsel remain irrevocable in the future, Party No. 1 has also executed various other court documents in favor of Part No. 2 and all such documents, namely: will, receipt, guarantee of exemption, etc., also remain irrevocable in all circumstances. Even if the signing of the sales contract does not mean that the sale is over, it is a decisive step in this direction. . . .