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Prashant (Personal)     07 July 2014

Can non-conveyance society be mortgaged for repair loan

hi,

our non-conveyance society (mhada old bldgs) was mortgaged to coop bank for bldg repair loan in 2004.

can non-conveyance society (mhada old bldgs) be mortgaged to coop bank for bldg repair loan.

if yes whether all members concern required ? and Mhada NOC required ?

if 1-2 members not giving concern, still soc. can be mortgage ?

MC committee did not submitt M-20 bond ever.

pls answer considering 2004 year



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