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Bank gave loan without original sale deed what are the consequences
23-Mar-2023 (In Property Law)
Sir, My Friend has purchased one flat in the year 2011. While purchasing the first owner (who purchased flat from builder) informed that he lost original sales deed copy. and he did FIR in the police station. My friend obtained loan from bank.Bank also sanctioned the loan and disbursed. My friend having Attested Sales Deed copy (obtained from registrar), Indemnity Bond (Registered from Registrar), FIR Police station Copy, Original Share Certificate,NOC from Society,Bank already done Title Report.Ijust like to know whether any issue happen in future. Also like know Law of Limitation 3/12 years
As per the information given by you, it seems that you have taken all necessary actions available to a reasonable and prudent man. It is however suggested to get in touch with a real estate / documentation expert as they shall guide you more specifically.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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