Mr x has purchased a flat from Builder Y on partial payment by availing loan from a PSU bank on the basis of a sale agreement by the builder who holds GPA. Mr x has not fully paid the balance price as registration of sale could not be effected due to some technical issues. Mr x has a sizable outstanding on house loan. Now x wants to sell off the said flat to z. Mr Z is interested to purchase the said flat, partially through loan and rest from own resource.
How the sale of property can take place in the above scenario? Can it be done though a quadripartite agreement among X,Y,Z and the Bank who has released the loan ?