Dear Respected Experts,
I have entered into sale agreement for a flat with Mrs B who was married to A and A died a year before. They had purchased this property from a builder. This flat belongs to both A& B and it is mentioned in agreement with builder. They have 2 minor children X (17 yrs) & Y (11 yrs). In new agreement i.e. between me and Mrs B, I did mention about Heriship certificate, which a seller has to obtain from court. After 3 months period, B has obtained Heirship certificate from respective court and produced it to me. This certificate mentions that there are 3 legal heirs of this property i.e. Ms B, X & Y. along with a special note which says:
" The person to whom this certificate is granted or their"representative, is required within six months from the date of this certificate, or within such further time as the Court may from time to time appoint, to render to the Court a true account of the said property and credits, showing the assets which have come to their hands and the manner in which they have been complied or disposed of. lf you fail to do this, will be liable to punishment under section 176 of the lndian Penal Code in accordance with section Vlll of Bombay Regulation Act of 1827.
My question is:
1. Can a seller, after obtaining this Hership certificate, sell this flat to me legally.
2. Is it required to obtain a separate permission from court for selling this flat, as both the legal heirs are minor.
I have already paid 70% payment to B and it is stuck up at the loan stage where bank has asked seller to get the court permission for selling. Please note sale deed is not yet done as I was waiting for loan disbursement.
I want to complete this deal but at the same time would like to be very clear in all legal paperwork. Need experts views on how should I move further with the deal.
Thanks
Shrikant