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As the cancellation deeds executed bilaterally, i.e., by both parties, can be registered by the Registering Officer, provided all the other requirements of the Indian Registration Act are satisfied. If deemed fit, the court may order the other party to compensate or return the benefit he enjoyed.
A registered instrument such as sale deed can only be cancelled by a competent court of law and not by an administrative authority, the Lucknow Bench of the Allahabad High Court (HC) has ruled.
Where the cancellation of contract is with the mutual consent of the parties, it is called Ighale (cancellation of contract by mutual consent). Cancellation of contract by mutual consent literally means to release, but in legal terms, it means mutual consent to the dismissal of a contract and its effects.
This Precedent is a standard deed of termination by which the parties to an existing contract mutually agree to terminate that contract prior to its anticipated end-date.
Where the cancellation of contract is with the mutual consent of the parties, it is called Ighale (cancellation of contract by mutual consent). Cancellation of contract by mutual consent literally means to release, but in legal terms, it means mutual consent to the dismissal of a contract and its effects.