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Tubeen   28 August 2019

transfer of property

Dear Experts,
I want to know if an immovable property that has been furnished as security in a loan agreement. Can that property be sold before repayment of the loan? if not, under what provision?


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 3 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     28 August 2019

Ji, to me, to sell a property which on loan, the bank shall issue permission only after full payment of loan.  so you have to convince the buyer to give you advance of the amount which the seller is due to the bank.

kavksatyanarayana (subregistrar/supdt.(retired))     28 August 2019

Ji, to me, to sell a property which on loan, the bank shall issue permission only after full payment of loan.  so you have to convince the buyer to give you advance of the amount which the seller is due to the bank.

Tubeen   28 August 2019

Thanks, but I want to know under which section and act.

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