Accept cancellation of Sandeep Joshi · B-302, version 1, for Firm-initiated buyer default.
Notice and breach basis: B-302 demand unpaid, ₹3,00,000 past its recorded due date; Buyer-default notice · B-302, returned delivery evidence and completed required period.
Deduction: ₹3,60,000, on B-302 buyer agreement · Forfeiture clause: lower of 10% of basic sale price or buyer payments received. Basic sale price: ₹36,00,000; 10%: ₹3,60,000; buyer paid: ₹7,14,000.
Required instrument: Required supported termination instrument supplied.
Once supported cancellation is effective, future demands end and unpossessed builder stock is released.
This does not record cash returned.
Open part · buyer_credit, refund_deadline, refund_anchor, refund_interest_terms
The applicable model/agreement or legal determination must supply the refund anchor, deadline and late-refund interest terms. Stamp-refund treatment needs its supported state basis, not a guessed buyer credit.
Accept default cancellation and adjustmentRetain proposal