What should be done if the owner is not transferring the share certificates of a sold shop?
Question asked by Mr. Sushil S. Arolkar from India:
I purchased one shop. Registration was done in November 2010. Seller gave me the possession in the month of July, 2010 during the process of dealing. I paid complete payment as per agreement. But now he is not ready for the transfer the share certificate. What should I do?
Thanks
Sushil
Vatsala Answers:
It appears that you are in possession and that you have paid the entire purchase money. You should be having some contract specifying these terms. You can sue for specific performance of the contract or try to settle the matter through arbitration.
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