Bank security interest aspect
BALAGURU D
(Querist) 28 April 2014
This query is : Resolved
Dear All,
On 1978 Tamilnadu Housing Board had alloted one flat to 'A'. On 1984 'A' has executed Irrevocable Power of Attorney in favour of 'B'. On 1994, after all the EMI due to Tamilnadu Housing Board, the board executed the sale deed in favour of 'A'. In that 'A' has signed. After that On 1996, 'B' has executed the sale deed in favour of 'C'. Now 'D' my customer wish to purchase the property. What are the legal parameters to be concentrated. My doubt is "in sale deed of 94 signed by 'A'. But 'B' executed sale deed in 96 infavour of 'C' why 'A' has not singed in Sale deed of 96. Whether the 'B's interference will come in future.
Regards,
Balaguru D,
Manager,
The Catholic Syrian Bank Ltd,
9790668136
ajay sethi
(Expert) 28 April 2014
bank can afford legal fees