Legal Question in Real Estate Law in India

legal vetting

Takeover loan. Is my vendor's banker (LICHFL) right in refusing to entertain my plea on the ground of bank's policy, to show either original sale deed to my banker's panel advocate or give a copy of the sale deed in their posession with seal and a covering letter that it is the copy of the original lying in their chest? I have provided them with my banker's in-principle sanction letter and sale agreement between myself and vendor with a covering letter from my vendor to allow my banker's panel advocate to see the original or provide copy.


Asked on 2/07/09, 6:16 am

3 Answers from Attorneys
Homi Maratha N.N. Maratha & Co.-Advocates

Re: legal vetting

What is your query?

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Answered on 2/07/09, 6:20 am
Shrichand Nahar S.V.Nahar, Advocate

Re: legal vetting

Vendor's Banker shall not entertain you as it is prohibited from giving information of its client to anybody.

Ask Vendor to apply and procure.

You can also go with Vendor and your Advocate for inspection of original.

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Answered on 2/07/09, 6:46 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: legal vetting

They should have no hassle; however, you seek the relevant information only insteading have a look at the original document. You bank may directly seek information from LICHL about the property and based upon the transaction may be furthered.

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Answered on 2/07/09, 9:17 am


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