Dispute with buyer
5 years ago
I was supposed to sell my Hyundai i20 car to a buyer who agreed to purchase the car for 425000/- . We agreed to sign a mutual agreement as some docs were pending from the finance company and the RTO . The buyer agreed to pay 1 lakh as advance and the rest of the money once docs were transferred completely . The buyer in the mean time has met with an accident and I had to place a request to claim the IDV value . It's been 4 months since this happened insurance has finally agreed to pay 290000/-. The buyer who agreed to purchase the car has agreed to pay the difference amount as per the agreement . Since it's the buyers fault and it took 4 months I am asking for an interest of 3% on 325000 that the buyer owed however the buyer is not agreeing to pay the interest .The question I have is , Am I right in asking the interest as I have gone through immense mental trauma because of this transaction and I have been paying interest because of this delay . It would be great if someone can advise me on how to proceed
GANESH SHARMA
Responded 5 years ago
Mohd Imran
Responded 5 years ago