Maximum time limit to register a site purchased under auction

Registration of any agreement has to be done within 4 months from the date of execution. Further, normally registration has to be done by the buyer unless there is any specific agreement contrary to it. That may be the reason for the bank did not register it since it is your duty. 

please collect all information according to rt act. then issue advocate notice. if that is disobeyed , you are to move the court to get the mandatory injunction.

Approach the High Court or file a criminal compalint for cheating U/s 420 IPC, Breach of trust U/s 409IPC , misappropriation U/s 403 of Indian Penal Code against Bank officials. The cause of action arises when they allowed the loan amount disbursed to Mr. A when the construction was not started. This omission to verify the the site is an illegal omission which amounts to an offence. This can be taken as part of criminal conspiracy U/s 120B IPC.

So dear Srinivas you have well dfined options to do. No bank can wait for 22 months. so start criminal action by filing a petition in the concerned HC to get the matter investigated by CBI as the Bank staff comes under the jurisdiction of Central government employees. When you get a favourable order to investigate the matter by CBI the bank will fall down on your foot

I do agree with my all friends. There are so much options for u.

it is the duty of the Bank to confirm the Sale and to execute the Sale Deed in the name of the purchaser at the request and Costs of the purchaser 

or at least  to inform the reasons for such delay   in this regard

well firstly act according to the Registration Act.

secondly serve a legal notice on the bank.

u can proceed for the specific relief also.

if u want to proceed with the criminal action against the bank then file a criminal complaint before the local magistrate.

with due respect, Mr. Suresh reacted very sharply against the bank.....if must add to the information of all that now HC can not give directions to register FIR...for reasons pls refer to SAKIRI VASU's case of 2008 this judgment is by the Hon'ble SC.

i assume that site means construction site. in this case the bank being a secured creditor must have enforced the security interest against the site as per section 30 of Securitisation Act and must have taken actual physical possession interms of section 14 of the act. if the action of the bank is not stayed by the court then the bank is bound to execute and register the deed in your favour and confirm the auction.

Send the legal notice to the bank and file a suit for possession and specific performance as per contract between you and the bank.

*It is section 13 instead of section 30 of Securitisation Act.