Dear experts
A builder constructing an apartment of 50 flats and sold some of the flats purchased by one person. That person's sister filed a partition suit in a court of law stating that she is having share in the flat making the builder as one of the defendants and pending the suit for disposal.
In the mean time the builder went for a bank loan for constructions and the panel of advocate is saying that as there is a partition suit is pending and hence it is not possible to give a legal opinio for granting the loan.
When the parttion suit is between brother and sister and as per the court order the builder has follow and being the builder of apartment he made a one of the defendants .
I am not able to understand that why the panel of advocate is objecting to give a legal opinion for granting the loan .
Hence kindly advice on this .
Thanq experts in advance.
No stone is left unturned to ensure that the bank is lending money towards a safe property. Thus, banks carry out a legal and technical verification of the property, for which they would grant the loan.
