1)was agreement between you and your friend reduced to writing
2)if your friend is not willing to pay remaining amount as per agreement you can file suit for specific performance
3) you are not bound to refund money paid by friend with interest
I have purchased a land and constructed a house over the place, for that i approched a bank for financial assistance, but i couldnt pay the instalments in time, for which the bank went for auction, for a period my friend assist for an nominal amount for which the bank give us a time by cancelling the auction. At that time i agreed register the said property in my friend name, and he agreed for paying the remaining amount, but now he is not willing to give the remaining amount instead he forcing me to pay back the amount with interest. can i get relief from the court of law.
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can i get a justice from court of law, by register the said land in his name by reciving the remaining amount.
1)was agreement between you and your friend reduced to writing
2)if your friend is not willing to pay remaining amount as per agreement you can file suit for specific performance
3) you are not bound to refund money paid by friend with interest
At that time i agreed register the said property in my friend name, and he agreed for paying the remaining amount, but now he is not willing to give the remaining amount instead he forcing me to pay back the amount with interest. can i get relief from the court of law.
Whether there is any registered sale agreement between you both?
If ther is any agreement, you may issue a legal notice to him expressing your willingness and readiness to perform yor part of contract and ask him to inform date and time to to get the property registered on his name at his expenses, or else you may inform that you will deduct certain amount and refund the balance as per agreement.
Out of subject, it would be better you settle his amount by selling this property to a third party at a better price instead of having a stretched legal battles.