Funds released by banks when building has no occupancy certificate


Society, 250 flats, 30 yrs old, 90% owned by Canara Andhra Syndicate Banks rest private owner. Lift, Fire safety violations, huge property and water tax dues, Garage space encroachd and used commercial y, Banks in connivance with committee releases huge funds, no OC No Convayance..wrote Dy Register,Municipal,Fire,but did nothing but only issue notices.total irregularities. Mumbai. It is also strange how release funds when buildings no Occupation Certificate and Conveyance?


Answers (2)

Dear Client,
With the explanation given by you about the irregularity what is your expectation? Do you plan to sue the bank and the society stake holders? If that is the case, then approach some good Advocate for proper consultation. Post referring your documents, future steps can be advised.

Justice takes time but you can be rest assured, IT WILL BE DELIVERED.

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