I'm planning to buy a plot from developer and they have approval from LIC housing Finance. However, when I got the papers scrutinized from my lawyer she stated that minor's interest is involved and a court's permission should have been obtained to carry out sale.
The picture is: A family of 62 people in which 12 are minors sold 42 acres of land(ancestral property) to Party 2 in April 2006, Party 2 sold the same property to party 3 in Nov 2006, Party 3 sold the property to Builder in April 2008. Now I'm buying the property from the developer. I'm not sure, if the minor's interest is still applicable in my case because builder doesn't have any issues of minor, however when family sold the minor's interest was involved and they should have obtained court's permission as per Hindu Minority and guardianshipt act, which apparently they didn't.
Please advise me on this. I've paid token amount to book the plot by cheque and now builder is dilly-dalying in paying my money back. What are the options that I've.
Thanks in advance!