RELEASE OF ESCROW ON CANCELLATION
Instruction date: 1 April 2026
Buyer: Aarav Sharma, Sector 21, Panchkula. Seller: Harpreet Singh, Sector 35, Chandigarh.
Property: Plot 118, Sector 35-A, Chandigarh (Plot/land), Residential plot measuring 500 square yards.. Sale transaction: Agreement to Sell dated 01 August 2026.
Escrow holder: XYZ Escrow Services LLP, Sector 17, Chandigarh. Escrow agreement: Escrow Agreement dated 01 August 2026. Verified balance: ₹50,00,000 (Rupees Fifty Lakh only).
- 1. RELEASE TRIGGER
Trigger: Mutual rescission signed by buyer and seller. Evidence: Mutual Rescission dated 15 September 2026 signed by both parties..
- 2. DISTRIBUTION
Direction: Return entire escrow balance to buyer. To Buyer: ₹50,00,000 (Rupees Fifty Lakh only). To Seller: ₹0 (Rupees Zero only).
- 3. DISPUTED FUNDS
Status: No disputed amount remains.
- 4. FEES AND DISCHARGE
Escrow fees: Buyer bears escrow fees. Release finality: Escrow holder is discharged after making the authorised distribution.
These instructions operate only within the escrow arrangement and do not themselves rescind, cancel or convey the underlying property transaction.
- 5. SIGNATURES
______________________________
Signature
Seller: Harpreet Singh
Place: ____________________
Date: 1 April 2026
______________________________
Signature
Buyer: Aarav Sharma
Place: ____________________
Date: 1 April 2026
Escrow acknowledgment: Authorised Signatory, XYZ Escrow Services LLP
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to instruct and evidence distribution of escrow funds after the identified property-sale cancellation, 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.