Interesting case, It seems that the person has defaulted and bank tired to repossess the car but some how the owner got a stay order from court and this is long issue going on, now it seems owner wants to get rid of the car and recover the losses..
Now the question comes
Is the seller the original person who got the car leased ?
When was the stay order issued ?
what are the case details and when is the next hearing scheduled?
Will the current owner pay for court expenses as in lawyer and appear before court and peruse the case ?
What is the agreement owner doing with you when selling the car ?
Lets say if the owner let goes of the car for 3 lacs and car is in good condition and takes undertaking that if court gives decision against him/ stay order is removed and bank tries to reposes the car he will refund you portion of the initial 3 lacs and in the mean time appear in court and peruse the case plus bares all legal costs.. maybe then it sounds like a good deal. (this likhparh will have zero legal value)
checking the court case details will get the picture more clear... as it will depend that will the car stay locked up in litigation for less time or more time.. Mostly Stay orders remain intact for long time and case is pending.
Even if stay gets thrown out you can do a case of your own and get another stay order.
yes my friend this his how our legal system is..
Better stay away from such a car.. but if you find it a great bargain and can see due to the complexity of the court case that stay order will remain intact for 2-3 years then as per your finical condition you can evaluate the scenario