Intellectual Property Rights: Practice and Drafting by Adv Gautam Matani. Register Now!
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DEEPIKAA RAJPOOT (SALES HEAD)     03 September 2011

143 convirsion rule in up

Dear All,

Pls lite on this topic:-

We are in construction business in UP and making a multi storied apartment here. We wanted to tieup our project with a bank to provide loan facility to our customers  for which we submitted all legal formalities to bank but bank advocate ask for 143 conversion letter however our Project comes in “R” Zone of “Nagar Mahayojna” and approved from Development authority as well.

So  Pls suggest something about this.




 2 Replies

Raj Kumar Makkad (Adv P & H High Court Chandigarh)     03 September 2011

As the project is already situated within R zone so there is no need to obtain 143 conversion as sought by advocate of bank. A review may be requested to banker and its advocate over this matter.

1 Like

DEEPIKAA RAJPOOT (SALES HEAD)     03 September 2011

Thankyou very much sir for  your suggestion.

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