Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Bharat Changela   08 November 2021

Right on FSI after dissolution of Builder firm.

We are group of 6 flat owners, had purchased a ready possession flats on ownership base, from a partnership firm developer, who kept his rights on FSI before 20 years.
Now, the builder developer have dissolved their partnership, and in dissolution deed, they have not
mentioned the waiver of rights on FSI.
Now, we are planning to sell off the flats to other developer for redevelopment. Purchaser asking for NOC from original developer for waiver of rights on FSI.
Now the original firm is dissolved, and all partners of that firm are ready to give NOC for waiver, in individual capacity.
Is this a valid NOC?
OR is there any other way?


Quick Summary
A group of six flat owners are planning to sell their property for redevelopment. They purchased flats from a partnership firm that retained FSI rights 20 years ago. The firm has since dissolved, and the dissolution deed doesn't mention FSI rights waiver. The new developer requires an NOC from the original builder waiving FSI rights. The original partners are willing to provide individual NOCs, but the owners are unsure if this is legally valid, especially given the firm's dissolution. They are seeking guidance on the validity of individual NOCs or alternative solutions.

 2 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     08 November 2021

NOC from individual all partners alongwith dissolution certificate from the court order

P. Venu (Advocate)     10 November 2021

Only a local lawyer would be able to assist you in the given context.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register