FLAT 20% OFF and 3-Months ADDED Validity on All Courses Absolutely FREE! Enroll Now Use Code: INDIA20
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Abhijeet (Sr. Engineer - Sales)     08 September 2011

Society noc vs bank noc

Dear Sir/ Mam,

I am buying a flat , I have done the agreement & DD is ready in bank.

Bank needs below clauses in society NOC which society is not accepting.

pl help me that how can i tackle with this problem.

Bank Clause :

We are aware that (Purchaser) has approached you for a loan for purchase of the aforesaid flat from (seller).  I/We am/are prepared to register Bank’s charge in my/our books in respect of the said flat and that ( Purchaser) will not be permitted to transfer, assign, sell off or in any other way deal with the said flat prejudicial to the interest of the Bank without the prior consent of the Bank.




Bank Clause :

lien on the said (share) certificate in favour of the AXIS Bank will be registered with the society.


 2 Replies

jayant (legal)     08 September 2011

Bank is having a legal right on ur property as you hypothicate the flat to Bank and securing the loan amount. Society has duty bound and if society is not ready for this , thake order from the court for this changes.

Abhijeet (Sr. Engineer - Sales)     08 September 2011

So how & which court should I apply ...........

Shall i approch my laywer how can i take the order from court....

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Start a New Discussion Unreplied Threads

Popular Discussion

view more »

Post a Suggestion for LCI Team
Post a Legal Query