Pankaja more 14 August 2023

Cidco transfer in auctioned property

I have purchased flat in e auction from icici. sale certificate and sale deed done by authorised signatory from icici.For cidco transfer i require NOC from society Society is saying give resognation letter from bank and bank is saying they have already given required documnet. What can be done in this situation.??

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Quick Summary

This discussion addresses a common issue faced by buyers of auctioned properties: obtaining CIDCO transfer. The buyer purchased a flat via auction, completed the sale deed, but now requires a No Objection Certificate (NOC) from the society for the CIDCO transfer. The society is requesting a resignation letter from the bank, while the bank claims they have already provided necessary documents and cannot sign society-specific forms post-sale certificate issuance. The advice suggests a step-by-step approach, starting with clear communication and potentially escalating to legal action, including issuing a legal notice to the bank if they refuse to cooperate.

3 Replies

T. Kalaiselvan, Advocate (Advocate) 14 August 2023

You have to take legal steps to get the required documents by sending a legal notice to both the authorities.

First of all understand what is the requirement and work on it to sovle the issue instead of jumping into any hasty conlcusion as per your own understanding.

If the said document has not been furnished by the bank and if it is really essential then you may first issue a letter to the bank to furnish the same, failing which you can take legal action against the bank.

Pankaja more 14 August 2023

for cidco transfer society has to provide NOC ,and for that NOC they are asking resignation of membership of old owner , which needs to be signed by bank...Bank is saying we cannot give you sign on society document ....as sale certificate has already issued...we are not liable... what to do??

T. Kalaiselvan, Advocate (Advocate) 14 August 2023

If the bank is refusing to furnish the requisite letter or NOC or anything that is pertinent here, you may issue a legal notice to the bank through your lawyer