MUTUAL RESCISSION OF AN AGREEMENT TO SELL
Rescission date: 1 April 2026
Seller: Harpreet Singh, Sector 35, Chandigarh. Buyer: 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.
Agreed sale consideration: ₹2,50,00,000 (Rupees Two Crore Fifty Lakh only). Buyer payments received: ₹50,00,000 (Rupees Fifty Lakh only).
- 1. MUTUAL RESCISSION
Reason: Financing did not proceed. Details: Buyer finance was declined and seller agreed to release buyer.. The parties mutually agree that the identified agreement will not proceed to completion.
- 2. REFUND
Refund to buyer: ₹50,00,000 (Rupees Fifty Lakh only) by Bank transfer, reference UTR HDFC260915501, on 2 April 2026.
- 3. POSSESSION AND DOCUMENTS
Possession: Buyer never received possession.
Original documents: Each party retains one rescinded original marked cancelled for record.
- 4. RELEASE
Release scope: Parties release claims arising solely from the rescinded agreement after refund completion.
The agreement to sell is rescinded between the parties subject to completion of the refund/restoration obligations above. This rescission does not purport to cancel a separate completed registered conveyance.
- 5. EXECUTION
______________________________
Signature
Seller: Harpreet Singh
Place: ____________________
Date: 1 April 2026
______________________________
Signature
Buyer: Aarav Sharma
Place: ____________________
Date: 1 April 2026
______________________________
Signature
Witness 1: Neeraj Khanna
Place: ____________________
Date: 1 April 2026
______________________________
Signature
Witness 2: Simran Kaur
Place: ____________________
Date: 1 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 document and complete the parties' mutual rescission of the identified agreement to sell, 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.