1. Post completion of pleadings, called upon to admit/deny the
documents filed by the parties, execution of Ex.P-1 was admitted by the
parties. It is the agreement to sell executed on November 18, 2006 by Arun
Khanna (the seller/defendant) and Lakhbir Singh (the purchaser/plaintiff).
It’s second recital and the covenants read as under:-
2. Sale consideration agreed is `1,20,00,000/- (Rupees One Crore and
Twenty Lacs only). The first floor of property bearing Municipal No.3 on
road No.5 in Punjabi Bagh Extension, New Delhi, has to be sold.
`12,00,000/- (Rupees Twelve Lacs only) are acknowledged as having been
received by Arun Khanna. The sale has to be completed on or before 300
days, the agreement to sell is executed on November 18, 2006. The parties
have thus recorded that the sale-deed has to be executed by August 15, 2007.
Source: Indian Kanoon