Legal Question in Real Estate Law in India

Dear Sir,

I have bought a property in Thane. Search report shows that it has a lis pendence notice of Jan 2010 of amount INR 0.00

Now, my bank has asking for a release order for the same.

Is it a serious matter ? I mean..is th eproperty in trouble?...and what does the value 0.00 suggests? or is it the case that my bank is more stringent and other banks can offer a loan?

kindly let me know....


Asked on 3/25/11, 1:59 am

1 Answer from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

Lis Pendence Notice implies that some suit or other legal proceeding is pending in respect of the property concerned.

You need to go through the papers of suit or litigation to know nature and extent thereof.

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Answered on 4/09/11, 2:57 am


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