Noc by society to avail bank loan

Just go through the society resolution rejecting your prayer.?also read the terms and conditions of purchase agreement.definitely some clauses should be there  that society followed.)

Sir the Society has not met or passed any resolution.  The Secretary verbally informed that the required NOC will not be issued as per Bank's Format.  The Bank format insists that in the event of borrower's default, the Society will transfer the rights title interest in the flat to the Bank or its authorised nominee.  The Society is taking objection to this clause and refuses to issue the NOC.

Dear Sir,

Usually a CHS has its own format for issuing an NOC for Mortgage to a Bank. Usually this NOC is vetted by the Society's legal advisor. This is done to avoid vetting each individual Bank NOC format and to prevent any liability on the Society.

The Society cannot normally refuse to issue an NOC  but insist on issuing the NOC only as per the Society;s format. Usually all Banks accept the NOC provided as per the Society format. Please confirm whether your Society is refusing to issue an NOC altogether or will issue an NOC only as per their format.

Regards, Suneet

Thanks you Mr. Suneet Gupta for your respond which i was seeking for