fraud india bankruptcy
India: What happens when flat buyers not interested in claims but in flat&#39;s registry? How can IRP help in that?
<p>A person purchases a flat and pays 100% of the flat's value including all other formalities. In return, the builder provides possession but not the registry.</p>

<p>What's next? The Buyer is not interested in money but registry.</p>

<p>In the US (and, as this is an old Common Law concept, the UK), a court can order "specific performance" (also sometimes called "replevin"), where a party can be compelled to perform specified actions, generally to the completion of a contract. Since you have completed your end of the contract, and they are apparently refusing to do their end, you may have a lawsuit for breach-of-contract. </p>

<p>Since British Law has some influence on Indian Law, this remedy may be available to you. </p>

<p>One complication that I see, is that their ability to transfer the registration to you may be blocked by insolvency/bankruptcy, if the registration has value and if they have unpaid creditors.</p>

<p>I would recommend talking to an Indian lawyer concerning a breach-of-contract lawsuit (and mention to them that your goal is to obtain the registration, rather than monetary compensation), and to explore your options.</p>

<p>Source: <a href="https://smallbusiness.findlaw.com/business-contracts-forms/what-is-specific-performance-as-a-legal-remedy.html" rel="nofollow noreferrer">https://smallbusiness.findlaw.com/business-contracts-forms/what-is-specific-performance-as-a-legal-remedy.html</a></p>
