Documentation of purchase of second hand car

Mohan RP Rao (Querist) 28 May 2008 This query is : Resolved
I had purchased a car by way of benami transaction, wherein I had paid the Money but due to some difficulty ,I had Regisrteted itin my freineds name, though I am paying the Installments of the loan in respect of the said car through my freinds accounts. But now i aprehend that My freind may go against me. In such Circumstances I have Following queries
1. As of now my freind is ready to sign any Documents, What Document I need to prepare?
2. What legal documents are required to submitted to get my name registered in the Concerned R.T.O?
Thanx n Regards

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Rajesh Sharma (Expert) 28 May 2008
Dear Mr Mohan

In case you are in a position to pay off the entire installments, then just go for it and take a no dues certificate from the bank through your friend and then get a sale letter executed by your friend in your name.
In case you are not in a position to pay off the outstanding dues in one go, then go for a tripartite agreement between your friend, the bank and of course you to bring the future dispute if any to an end at this stage.