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UAround 4 weeks ago, I found a listing on OLX for a second-hand bike that was priced much lower than usual. When I contacted the seller, he told me the bike had been seized by a bank due to loan non-payment and was being sold cheaply as part of a settlement process (not an auction).
My dad went to the garage/warehouse of the bank where seized vehicles were kept. Inspected the bike, and it seemed to be in good condition. The seller claimed to be a middleman (between me and the bank. Not a bank employee) handling the sale. He informed me that this bike came for sale because the initial buyers gave in writing to the bank that they would not be reclaiming the bike. After checking with some people I know, they said this kind of sale does happen, so I proceeded.
We signed a contract on ₹50 stamp paper with the following terms:
1. For the purpose of buying the bike he/Party A has gotten amount X from me.
2. The vehicle will be transferred to me within 15 working days.
3. The vehicle would be in initially said condition and properly working.
4. The seller is responsible for transferring RTO-related documents to my name.
5. If these conditions aren’t met, the seller will refund my money.Also have a copy of His voters ID
Had to pay the money upfront because it was using this that he would get it the from bank.Although the contract stated 3 weeks, the seller initially informed me he could complete everything within a week. However, the process kept getting delayed with various excuses—some more convincing than others. After the 15-day period, he asked for 1 more week, promising a refund if he failed to deliver the bike. I agreed.
The week passed and I gave him a warning, stating that I would take legal action if I didn’t receive the bike or a refund within 2 days. He responded with another voice saying he’ll do it by over the weekend. I don’t want to keep going back and forth with this.
What are my options at this point?
Would really appreciate any advice on how to proceed. Thanks!Tldr; Bought a bike from a “dealer” . Involving a contract with refund clause with a 3 week deadline. 1 week after the deadline the dealer now refuses to pick up my calls. With minimal voice note replies. This back and forth is not ending. And would like to know my options.
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