Society not giving noc to bank for mortgage the flat

Querist : Anonymous (Querist) 13 February 2023 This query is : Resolved
I have submitted all document including sale deed, share certificate from society to bank for mortgage my flat. Bank already disbursed the loan amount and EMI also debited from my account. Now the bank asking NOC from society in bank format for mortgage my flat. Society totally refused to give NOC to bank. Than what should I do?

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kavksatyanarayana (Expert) 13 February 2023
Bank already disbursed the amount and EMI debited from my account means did you clear the loan? Or bank is ready to give you a loan now? If you have no dues to society, then society shall give you NOC. Ask the reason why they are not giving NOC. Otherwise, complain to RERA.

P. Venu (Expert) 14 February 2023
Why the NOC from the Bank? Is it a legal requirement? Discuss with the authorities concerned.

Sudhir Kumar, Advocate (Expert) 15 February 2023
apparently more facts are to be shared.

Dr J C Vashista (Expert) 16 February 2023
I fully agree with the opinion and advise of experts.
Why does the Bank require Society NOC at this stage ? It is illegal demand.
What is the objection of Society qua issuance of NOC ?

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