The Telangana High Court recently condoned a delay of 3,358 days (about nine years) by a property buyer who hadn't paid the remaining sale amount. They instructed that the buyer should pay this amount along with 12% interest per year to finalize the sale. Interestingly, the seller admitted in court that the buyer had been living on the property all this time, even though the sale deed wasn't signed.
This judgement came from a case the buyer had filed back in 2010, asking the court to compel the seller to complete the sale. On December 29, 2011, the court ordered the buyer to pay the remaining sale price of Rs 8.1 lakh within 15 days from the date of the order to the seller.
