Dear Sir,
I have Purchased a Flat form a person and got the papers and the agreement registered along with Stamp duty and Reg.. I did the above in the 7th month. Submited all the reg. papers with the building and even got a clearence(NOC) from the anual general body meething of the CHS, the only formality remaning was the transfer of share certificates. Now suddenly a third party has sent a lawyers notice to the building asking them not to transfer the share certificates to the new owner (ie.ME) because the previous owner had borrowed some money around 30 lacs for Stock investment and did not return the same, the notice also mentions that if the CHS does transfer the share certificates in my name they will have to face stern legal action.
Please guide me as to what can be done in these circumstances. All my legal papers are clear and now the CHS fears in transfering the share certificates after receving this notice. Please guide me through and i have put all my life savings for the property.
Thanx