Common use of Cancellation by the Allottee Clause in Contracts

Cancellation by the Allottee. The Allottee shall have the right to cancel/ withdraw his allotment in the Project as provided in the Act; Provided that where the allottee proposes to cancel / withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days of such cancellation.

Cancellation by the Allottee. (s) – The Allottee Allottee(s) shall have the right to cancel/ withdraw his allotment in the Project as provided in the Act; Provided that where the allottee Allottee(s) proposes to cancel / withdraw from the project without any fault of the promoterPROMOTER, the promoter PROMOTER herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the allottee Allottee(s) shall be returned by the promoter PROMOTER to the allottee Allottee(s) within 45 days of such cancellationcancellation without payment of any interest.

Cancellation by the Allottee. (s) – The Allottee Allottee(s) shall have the right to cancel/ withdraw his allotment in the Project as provided in the Act; Provided that where the allottee Allottee(s) proposes to cancel / withdraw from the project without any fault of the promoterSUB LESSOR / PROMOTER, the promoter SUB LESSOR / PROMOTER herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the allottee Allottee(s) shall be returned by the promoter SUB LESSOR / PROMOTER to the allottee Allottee(s) within 45 days of such cancellationcancellation without payment of any interest.