Can we cancel agreement of sale?

Can we cancel agreement of sale?

You can terminate the agreement by giving a notice to the buyer stating that you are no more interested to sell the property since he has not paid any advance amount towards the consideration of sale so far. Consult a local lawyer and take decision as per his further advise after seeing the agreement paper. 1.

Can compromise decree be challenged?

It is no doubt well established that a compromise decree cannot be challenged except before the Court that passed the decree. But the question is whether in the present… case, the decree, which has been sought to be challenged in a separate suit, was a compromise decree or not.

Can we appeal against Lok Adalat?

Under the said Act, the award (decision) made by the Lok Adalats is deemed to be a decree of a civil court and is final and binding on all parties and no appeal against such an award lies before any court of law. There is no court fee payable when a matter is filed in a Lok Adalat.

Can Lok Adalat take criminal cases?

Jurisdiction of Lok Adalat The Lok Adalat can compromise and settle even criminal cases, which are compoundable under the relevant laws.

What are the powers of Lok Adalat?

The Lok Adalat will have similar powers of a Civil Court and is governed under the Code of Civil Procedure. It has the power to summon and enforce the attendance of a witness. Power to receive evidence regarding a particular case. The Lok Adalat has the power to follow its own procedure for determining any dispute.

Which types of cases are decided in Lok Adalat?

• Criminal Compoundable Offences.
• NI Act cases under Section 138.
• Bank Recovery Cases.
• MACT cases.
• Labour Dispute Cases.
• Electricity and water bills ( excluding non-compoundable)
• Matrimonial disputes.
• Land Acquisition cases.

What is Lok Adalat in banking sector?

Lok Adalat institutions help banks to settle disputes involving account in “doubtful” and “loss” category, with outstanding balance of Rs. 5 lakh for compromise settlement under Lok Adalat. Debt recovery tribunals have been empowered to organize Lok Adalat to decide on cases of NPAs of Rs. 10 lakh and above.

What is permanent Lok Adalat?

Permanent Lok Adalats have been set up as permanent bodies with a Chairman and two members for providing compulsory pre-litigative mechanism for conciliation and settlement of cases relating to Public Utility Services like transport, postal, telegraph etc.

What are Lok Adalats Why are they called People’s Court?

Lok Adalat is meant for conciliated settlement of disputes outside Courts. It is also called People’s Court. It provides fair and uncomplicated justice. Lok Adalats are a boon to the litigating public, they can get their disputes settled fast and free of cost amicably.

What is the procedure of Lok Adalat?

Anyone or more of the parties to a dispute can lodge an application before the court where their case is pending, or even at a pre-litigative point, in the Lok Adalat Where the Lok Adalat Bench established for the purpose attempts to resolve the dispute by assisting the parties in reaching an amicable solution and once …

How a Lok Adalat is established?

The main condition of a Lok Adalat is that both parties have to agree to be judged through the forum. There is no court fee; if a matter pending in a court of law is referred to a Lok Adalat and is subsequently settled, the court fee initially paid to the court is refunded to the parties.

Do you think Lok Adalat is successful in its objectives?

Answer. Explanation: Lok Adalat is a formal Indian judicial alternative dispute resolution forum that settles cases pending from the findings of a panchayat and serves as the pre-litigation stage in a court of law. It has proved to be a very effective alternative to litigation.