Common use of Cancellation by Allottees Clause in Contracts

Cancellation by Allottees. TheALLOTTEES shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the ALLOTTEES 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 ALLOTTEES shall be refunded by the promoter to the ALLOTTEES within 45 days of such cancellation without any interest and compensation.

Cancellation by Allottees. TheALLOTTEES shall The Allottees will have the right to cancel/cancel / withdraw his allotment in the Project as provided in the Act: Provided that where the ALLOTTEES Allottees proposes to cancel/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 ALLOTTEES shall Allottees will be refunded returned by the promoter Promoter to the ALLOTTEES Allottees within 45 days of such cancellation without any interest and compensationcancellation.

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