| You should not be out of pocket from this and although I am no legal expert I think the law could be on your side.
You purchased the name in good faith and took all necessary precautions to ensure it was a legitimate transaction. The name was locked so you did all you could in order to establish the reason by contacting the registrar. They gave the domain a clean bill of health by releasing/overriding the lock and allowing the domain to be transferred to your account.
NetSol will probably try and lean on you and bully you into seeing things their way. I would give them one opportunity to compensate you by paying you the full current market value...ignore what you paid for it, that matters not IMO...make it clear that if they refuse your offer then you will instruct a lawyer to act on your behalf.
Unless I am missing something obvious then the issue of liability in this case is a no-brainer and they won't want to risk paying compensation AND your legal fees. |