NOTICE OF FORFEITURE OF EARNEST MONEY
Notice date: 2 April 2026
From Harpreet Singh, Sector 35, Chandigarh, to Aarav Sharma, Sector 21, Panchkula.
Property: Plot 118, Sector 35-A, Chandigarh (Plot/land), Residential plot measuring 500 square yards.. Agreement: Agreement to Sell dated 01 August 2026. Earnest money paid: ₹5,00,000 (Rupees Five Lakh only).
- 1. ALLEGED DEFAULT
Default: Failure to pay agreed balance by due date. Details: Balance due 10 September 2026 remained unpaid after completion notice.. Performance due: 1 April 2026.
- 2. SELLER READINESS
Seller position: Seller was ready and willing to complete according to the agreement.
- 3. OPPORTUNITY TO CURE
Notice position: Prior written completion/cure notice was given.
- 4. FORFEITURE POSITION
Legal/contractual position asserted: Seller claims contractual forfeiture subject to applicable law and reasonable-compensation limits. Amount presently proposed for retention: ₹2,50,000 (Rupees Two Lakh Fifty Thousand only).
Compensation basis: Documented marketing restart and completion costs; final amount subject to law..
- 5. EXCESS
Treatment of any excess: Excess earnest money will be refunded within stated days. Refund period: 7 days.
This notice states the seller's claim and does not convert a disputed forfeiture into an adjudicated entitlement.
- 6. SIGNATURE
______________________________
Signature
Seller/authorised signatory: Harpreet Singh
Place: ____________________
Date: 2 April 2026
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to issue and retain the seller's reasoned earnest-money forfeiture claim following an alleged buyer breach, communicate about that purpose, verify expressly supplied transaction information, and retain an evidentiary record.
The record will be held by Kagaznama and may be shown only to the buyer, seller, promoter/developer, authorised broker, advocate, lender, escrow holder, tax adviser, registering authority or other person directly involved in the stated cancellation, refund or settlement.
If the transaction is abandoned without a completed settlement, personal data will be retained for 90 days from that decision and then erased. If a cancellation, refund or settlement is completed, the record will be retained for that matter plus 12 months, except where a statute requires a longer named retention period.
A person named in this document may withdraw consent for future consent-based processing, request correction or erasure when the stated purpose has ended, or raise a grievance by writing to privacy@example.com. The record-holder should acknowledge and respond within 30 days.