RESCISSION
OF A CONTRACT PER NOTICE [CD1]
Date
____________
To,
_____________
Dear
Sir,
Per an "Agreement to
Sell" (after it referred to as Agreement), dated ________________,
executed by you and the undersigned, the entire plot of land with the factory
located at _______________________ had been bought by the undersigned from you.
WHEREAS
you induced the undersigned to enter into the Agreement for a consideration of
Rs. 40,00,000 on the representing that the same was free from all encumbrances
and charge. A sum of Rs. two lacs was paid to you towards part payment at the
time of execution of the said agreement
AND
WHEREAS it has since been discovered that the said factory had been mortgaged
by you and is subject to an encumbrance of Rs. ________.
The
undersigned was induced in buying the property under your wrong
misrepresentation. As the records of such mortgage were very old, the
undersigned had no chance or ground for searching in the Registration office
for more than twelve years past. This contract of purchase being void able per
option of undersigned;
Now
the undersigned so rescinds and repudiates said contract (Agreement) and ask
upon you in refunding him sum of Rs. two lacs paid to you as consideration
under the said covenant. The undersigned is ready in returning the possession
of said plot on your refunding the said price
Signed
and delivered by ____________.
Witness: 1.
……….. 2. ………………
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