Document Fragment View

Matching Fragments

(v) The terms of the MOU are said to have been amended by MOU dated 20.10.2014. However, a copy of the MOU dated 20.10.2014 placed before me is unsigned and contains several blank fields.
(vi).According to Mr.Raman, a sum of Rs.43 crores has been received by the applicants and what remains unpaid is a sum of Rs.30.5 crores.
(vii).The MOU notices, at clauses 9 and 10 thereof that a dispute exists in respect over the title for the property and a suit has been filed in 2010 for declaration of title and recovery of possession of the land from the present applicants. An I.A. had been filed seeking rejection of the plaint and the suit had been dismissed on 17.7.2014 by the Principal District Court, Chengalput. No appeal was filed against the aforesaid order and as on date the title undisputedly vests in favour of the applicants. However, the applicants agree to indemnify the respondents in the event there is any further difficulty noticed or claim to the title and agree to provide a property, encumbrance free, to the purchaser.