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Bank NoC not provided by car owner


16-May-2023 (In Criminal Law)
S8r very good morning . It is rhe matter of 3 parties . 1.) Me Gaurav ( doing car sale purchase business on commission basis and mediator between seller and buyer ) 2.) Vipin sharma(registered owner of dzire car) 3.) Spinny cars ( buyer of second hand cars) Now story is that there was a loan outstanding on dzire car of vipin sharma which he was not paying since 2 years ,After that on the basis of megistrate orders bank has recovered that dzire car from.vipin sharmas house and the same was in the custody of hdfc bank in feb 2020. Now vipin sharma approached me and asked me that he want to sell his car dzire then i give him 2.90 lacs of value on which i deal . Then he told me complete storey and after that he connect me with bank collection officer sitting at moti nagar delhi where he askwd him to pay complete paymwnt of 1.30 lacs on car loan and 1.20 lacs on car and cash loan . Both loans of car .then i and vipin sharma visited the bank branch where bank employee sandeep has given us
Answers (2)

Answer #1
514 votes
Hi sir, in this regard you should ask the bank officials to release the NOC as soon as possible as they themselve said that on payment of 2.50 lakh the NOC shall be released and only then you continued with the transaction with the owner. I would like to know if you have done any written documentation with the owner of the car ? kindly feel free to have a word with me. I will definitely help you out on this.
Answer #2
558 votes
Kindly share the detailed facts of the issue for the better and appropriate advice. It would be difficult to address without facts. Please feel free to call me directly for further assistance

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