Execution of agreement for sale
Querist :
Anonymous
(Querist) 10 September 2018
This query is : Resolved
M/s ABC is developing a particular piece of land in Jhansi. Firm is registered with kshatriya samiti. Firm's partner Mr. A & Mr. B have jointly purchased a land on 2005 and immediately form a partnership firm and introduced the land as Capital in the Firm. Later on Mr. C & Mr. D joined the Firm M/s ABC. I further clarify that there is no mutation deed executed in the name of M/s ABC and land is still showing in the name of Mr. A & Mr. B jointly.
Now firm is developing the same piece of land and selling Duplex. but in the sale agreement Mr. A & Mr. B is signing under the partnership firm's stamp viz.- M/s ABC. Kindly advise me whether I can purchase such duplex. I have approached one of the nationalised bank, they have advised that mutation should be done in this case,
Dr J C Vashista
(Expert) 11 September 2018
Vague facts provided by an anonymous author.
