As per the averments made in the suit, appellant being owner of house No.HM-26, Phase 1 SAS Nagar, Mohali entered into an agreement to sell the said house with the plaintiff-respondent on 29.3.1995 for a sum of 6,00,000/- and received an amount of 2,80,000/- as earnest money and agreed to execute the sale deed on or before 27.5.1995, after having necessary permission and Income Clearance Certificate. It was further averred that appellant received another amount of 35,000/- on 5.5.1995 and extended the date of execution of the sale deed to 27.7.1995 and further received 15,000/- on 9.6.1995 and extended the date for execution of the sale deed till 27.9.1995 and again on receipt of 15,000/- on 27.9.1995 extended the date for execution of the sale deed till 10.11.1995. Thus, the appellant received the total amount of 3,45,000/- as earnest money.