DEED OF CANCELLATION BY DEEPIKA DUBEY

DEED OF CANCELLATION


This covenant is made at ….the … day of ….. between Mr. X of………. hereinafter referred to as the first party and Mr. Z of……… hereinafter referred to as the second party.

Whereas the first party has executed a Deed of Conveyance on the ………day of…………… favoring of the second party concerning the land and premises located at……………………. and more specifically described in the Schedule to the said Deed.

And whereas the second party had consented to pay to the first party a sum of Rs. 5,00,000 as consideration for the vending said land and premises for the said amount but the second party did not and neglected to pay and admitted not paying the said sum.

And whereas the title to the said property was desired to be transferred to a second party on paying the said amount.

And whereas the possession of the said property has not been delivered to the second party.

And whereas the said Deed of Conveyance has been lodged for registration with the Registrar of Assurances at …….but first party has not yet admitted the execution thereto.

And whereas the second party could not pay the said consideration money, the first party and second party have consented in abrogating. They have also consented to the abrogated said agreement and do hereby record the said agreement of abrogation.

Now it is consented and declared by parties hereto that given buyer not paying the consideration money the parties hereto by mutual agreement do hereby abrogate the said Deed of Conveyance and consent and confirm that the same is annualized and shall be considered to be and treated as canceled and never to have been acted upon.

Now it is consented and confirmed that the said property has not transferred to a second party which the second party does not claim any right, title, or interest in the said property under or due to said Deed of Conveyance.

And it is further consented and declared that all expenses, charges, and costs including stamp duty and registration fees relating to the Deed of Conveyance and these presents are wholly borne/paid by the second party.

In witness whereof, the parties have executed these presents on the day, month, and year before written.

Signed and delivered by the within-named first-party Mr. X in the presence of:

Signature

Signed and delivered by the within-named second party Mr. Z in the presence of:

Signature

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