Legal Question in Landlord & Tenant Law in India
In may 2008 I have entered into an agrement or Letter of intent with my proposed tenant. he gave us Rs. 25000/- as token money which has to be refundable when this LOI revok. Tenant revok the LOI in Aug. 2008. we have not refund the money. In nov 2011 we got a notice for demanding Rs. 25000/- with interest. We have asked a lawyer about same he give us the clause of limitation act and asked us not to reply. Now on 05.07.2012 I got another notice for invoking the arbitration clause. Pls give me the reply what can i do now.
2 Answers from Attorneys
it is to be seen whether there is an arbitration clause in the agreement. secondly, it is to be seen whether the notice was sent within 3 years of last cause of action.
you may attend the arbitration proceedings with a local lawyer.
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