Please advice me on below .
I am planning to buy a flat from a purchaser.
He bought the flat from a person whose husband deceased and have 2 minor sons , she (co owner) prayed High court of Madras under sections 3, 7 to 10 and 29 of Guardian and wards act 1890 to permit to sell the property and deposit the minor's share in any Nationalised bank and allow to withdraw interest on deposited amount every month .
Court was granted permission for the same .
Current owner did the sale deed in 2008.
Now i am planning to buy the flat. Can i proceed ?
Do i need the verification for the minor share deposited in bank ? If it is not depostied ,will minor can suit case against me in future ?
Any how in the previous sale deed the below has mentioned .
The Vendors here by covenant with the purchaser that the vendors and all persons having or claiming any estate, right,title or interest in the schedule property or any part thereof by, from, under or in trust for the vendors or their heirs,executors,or administrators or any of them shall and will from time to time and at all times hereafter, upon any reasonable request and at the cost of the purchaser , do such lawful acts, and execute all such deeds and assurance whatsoever for better and more perfectly and fully assuring the title to the scheduled property and every part thereof unto the purchaser as may be reasonably required by the purchaser.
PLEASE ADVICE
