Purchaser demanding more money when cancelling the sale
Q: We had a sale agreement for our property five years ago with a person for 8 million rupees. He paid 2 million rupees in advance, and he promised that he will settle the balance of 6 million rupees after 6 months and complete the registration. However, he was unable to arrange the remaining amount of 6 million rupees. Now we are planning to sell the property to some other person. Therefore, I need to return the 2 million rupees to the person, but since it's been 5 years, he is now demanding more money instead of 2 million rupees. Do we need to pay the extra money?