LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Anonymous   09 March 2010 at 19:16

SARFESI

I need urgent help, my uncle who took a loan from bank has expired and my aunt is not able to pay it now, Bank has send a POSSESSION CUM SALE NOTICE under the powers conferred by section 13(4) of SARFESI Act 2002 which says that
"...... the notice is given to borrowers and the public in general that the undersigned has taken symbolic possession of the properties...."


My aunt is the only earning member and she has 2 daughters and a mother-in-law to feed.

Please suggest what she can do to save her house as their home is the only property they own.

Thanking in anticipation

Sanjay Mitra   09 March 2010 at 17:25

Relinqishment deed

My mother has passed away in 1995 without leaving a will for a land property measuring 4 Cottahs approx. in Kolkata.My father, younger brother & younger sister & myself are the heirs of the property.The land property has a valuation of approx 15.00 lakhs.

My father & sister have agreed to release their natural share of the property without any monetory consideration in favour of my brother & me.

Can we execute a relinquishment deed to register our names with the registrar and get mutation in our names to approach bank for home loan in individual names ?

Is prior mutation necessary to execute the relinqishment deed ?

Is there any possibility of the registration of the relinquishment deed getting refused by the registrar.

We are not financially ready to bear the otherwise payable stamp duty through other avaialble options.

Subsequently can I incorporate my wife as a co owner of my share to become the principal borrower for the bank ?

Please refer the legal advisor's name to help us execute the proposition.

I solicit specific advices on my above querries please.

Regards.
Sanjay Mitra

Sara   09 March 2010 at 16:17

How to obtain sale permission for a farmland

Hi !

I want to know how can one obting sale permission for a farmland. And what cost would I have to bear to obtain the same. The said land is in Maharashtra ( Saphale)

Regards,

vinay   09 March 2010 at 16:08

regarding succession certificate

sir,
my father expired in oct 2009 leaving behind two special term deposits of rs300000,100000 and one saving account in sbi having 74000 with nobody as nominee. we are four bro all intending to transfer this money in the name of mother. we have no sister. as court fee is comming out to be 31000 according to up court fee act 1870. the lawyer is saying that by bifercating this amount among all five of us which will be about 100000 per head.THEN everybody will have to pay fee separately. total will be 14000. sir, is it possible to bifercate this way . waiting for reply

G V RAO   08 March 2010 at 19:11

Selling property

I own a ground and first floor property at bangalore. It is a self acquired property. To build the entire property the cheque has been issued only by me from the joint account of mine,wife and mother.

Our divorce case is in the court from 2007 onwards. My wife stays at first floor and ground floor given for rent.

During 2008 , i have sold the 2/3 of the property ( Ground and one room in IInd floor ) to my mother vide proper registration and with proper stamp duty paid.

The middle floor retained in my name only, where my wife stays at present.
I am not going to sell the first floor where she leaves with my child.

My mother want to sell her 2/3rd property to some one .
It is legally possible. What kind of problem will get from my wife .

Pls advice .

naresh.r   08 March 2010 at 16:23

B-FORM FOR LAND

Dear All ,

if we purchased the land on the basis of B-FORM,is it valid or not.

The buyer can get the rights on land or not??????

Please let me know ?

sudhakar   08 March 2010 at 15:31

Partition of land

Hello sir,

i am rajasekar from madurai. my father is missing from 1990 june,and we came to know that he had another family in bangalore but its not a legally married. my mother purchased a land in madurai. my mother died in 2002. in the heir certificate my father is consider as the first heir. now me and my brother want to partition the land to construct house.we try to contact my father, but he is not in position to come and register the land and even he couldn't sign because of fear of his own property in bangalore. so in this case how can we partition the land without knowledge of my father.

Please give me a suggestion.

Thank you.

Ashu Joshi   08 March 2010 at 14:50

Difference between Agreement & Memorandum of understanding

Respected All,

What is the difference between an Agreement & M.O.U.(in ref to real estate sector)& their legal status?

Amit kishore singh   08 March 2010 at 12:48

Does signature need to be witnessed


Dear frns,



Under which Indian statute the following are required to be compulsorily witnessed (if not required to registered)

every Agreement (i.e) Agreement to sell
Deed (lease deed)




Regards

Amit


kanti kumar   08 March 2010 at 11:58

how to find property registered documents

Hi all ,
my query is that how to find some one property papers without the knowledge that where it has been registered i mean in which sub registrar
thank you..