Possession cert
Sanat Kanrar
(Querist) 02 May 2022
This query is : Resolved
Sir, Here developer is a partnership firm having six active partners. The firm entered into an agreement with the landowner to develop flats and sell them as per settled terms . After completion, the developer issued an possession certificate to the land owner having signed by two partners only. Is it valid in the eye of law:
KISHAN DUTT KALASKAR
(Expert) 14 May 2022
Dear Sir,
It all depends upon internal resolutions passed by the Partnership Firm. If those two partners are managing partners then such possession certificate is valid.