DEEPIKAA RAJPOOT (SALES HEAD) 03 September 2011
Dear All,
Pls lite on this topic:-
We are in construction business in UP and making a multi storied apartment here. We wanted to tieup our project with a bank to provide loan facility to our customers for which we submitted all legal formalities to bank but bank advocate ask for 143 conversion letter however our Project comes in “R” Zone of “Nagar Mahayojna” and approved from Development authority as well.
So Pls suggest something about this.
Thanx
Raj Kumar Makkad (Adv P & H High Court Chandigarh) 03 September 2011
As the project is already situated within R zone so there is no need to obtain 143 conversion as sought by advocate of bank. A review may be requested to banker and its advocate over this matter.
DEEPIKAA RAJPOOT (SALES HEAD) 03 September 2011
Thankyou very much sir for your suggestion.
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