Hypothetication


This query is : Resolved 

(Querist)
09 May 2018 One Private Limited Company wants to procure a property which is already hypotheticated to bank and charge already create in the name of borrower( borrower also Pvt ltd Co). The borrower transfer the Loan from X bank to Y bank. If one Pvt Ltd wants to buy the property then which documents they needs to check .

As per my understanding
1) NOC from Bank ( Primary and Existing Bank)
2) Charge removal from ROC

If any other document needs to check please let me know.

09 May 2018 13 years encumbrance certificate obtained from Sub registrar office.
Latest land tax receipt
Latest building (if any) tax receipt.
Ownership certificate from village office
Possession certificate from village office.


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