Cancellation Deed
A Cancellation Deed cancels the transactions of of sales deed involving transfer of property from buyer to seller. It is there signed by both the parties. A sales deed can be cancelled if any of the involved parties is unsatisfied by the deal and makes a claim regarding the same in the court. The Petitioner gets an order from the Civil Court and then present it to the registrar who then proceeds with the cancellation process. A sales deed is cancelled only on valid reasons considered by the court. Reasons such partial payment, payment delay and no more interest in property is not considered as valid reason for cancellation of deed.
A Sales Deed can be cancelled only on following grounds or reasons:
1 If the sales deed is void.
2 The deed was induced by undue influence.
3 If deed was signed under fraud or misrepresentation of facts
4 If Deed is executed by Minor.
5 If Court believes that the sale might cause harm or injury to petitioner.