NOC from Society for purchase of flat

Querist : Anonymous (Querist) 18 June 2016 This query is : Resolved
I have bought a flat and have registered the agreement and also paid the stamp duty. Application was given to Society to issue NOC as required by the bank in Bank's format from which I have applied for loan. However, Society is hesitant to give NOC as Conveyance has not been done. Also Society is hesitant to mention in Bank's format of NOC that it does not have any borrowings or dues. It is also not giving an undertaking in NOC that it will register the charge on account of mortgage of property. Is the society correct on all fronts? Can bank sanction loan without Society NOC?

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R.K Nanda

(Expert) 18 June 2016
No reply to aq.

Rajendra K Goyal (Expert) 18 June 2016
No reply to query from anonymous.

adv.bharat @ PUNE (Expert) 18 June 2016
No bank can't give loan without NOC from the society.
You need to pay all due before getting NOC from the society.

Kumar Doab (Expert) 18 June 2016
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Rajendra K Goyal (Expert) 20 June 2016
No reply to query from anonymous.

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