Meaning of line mentioned in mou
pooja dedhia
(Querist) 15 May 2012
This query is : Resolved
the vendor will assist the prospective purchasers for procuring the no -dues certificate for the BOB & for release of all deeds deposited with the bank directly in their favour.
Shonee Kapoor
(Expert) 15 May 2012
that means the seller would help in paying dues/ NoC to BOB for release of deeds of property.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
ajay sethi
(Expert) 15 May 2012
bank has to issue no dues certificate that as on date there are no outtstanding dues . in addition seller will help in obtaining title deeds of property lying with bank directly in favour of purchaser