Sep 27, 2009 12:10 AM
2428 Views
Invested 139525.00 Rupees in City Realcom scheme on during end of July 2009. Agreement (MoU)clause mentioned in the second page says "60 months commencing from 21-July-2009 for tentative ownership of the tentative owner for the proposed project.
The tentative ownership shall not be terminated before the end of the above period, EXCEPT as provided herein on mutual consent by giving 3 months notice from either side from the date of signing the MOU. AFTER the expiry of 3 months it will be deemed a confirmed memorandum of Understanding and in the event of cancellation after that, it will be deemed a breach of the memorandum of understanding and the amount paid by the tentative owner shall be forefeited and he/she shall not raise claim of any nature what so ever.
Whether there is any chance of getting the principle (no EMI received; only MoU and post dated cheque (8800 Rupees cheques received) amount together (not by monthly EMI for 12months) by terminating the agreement (as we can terminate the agreement within 3 months as per the above nmentioned clause) as the company failed to honour the cheques issued which is against the agreement made with us. Refer MOU page 2 para "Period" for details of City Realcom Scheme.
Guys, think on it and comment on your plan quickly as we may be crossing 3 months soon and after that noone can cancel the MoU. We will get back the money in bits and pieces; if you have good luck!!!!!!!!!
