Axis Bank is not accepting registered gift deed 50% of father to son in residential flat. Axis bank is asking all legal heirs should present to collect original documents after repayment of mortgage loan
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Anonymous
Replied 1 year ago
Flat agreement in my name & father's name. Father has not contributed from retirement fund as promised. FYI. Then I took mortgage loan from Axis. Axis insisted both signature instead of father given affidavit to the said flat trf in my name. Father has done registered gift deed to release his share as per agreement to clear title in favor of me. But Axis legal team says you should/must have obtained NOC from us at the time of registration of Gift Deed 2 years back. now repaid entire loan of axis and to collect original documents he asked all legal heirs present and indemnity bond signed by all legal heirs and denying to accept registered gift deed. My question is when father was executred gift deed to release his share by payment stamp duty and registration fees then why axis legal team is denying? is it mean that gift deed doesn't have any legal value? when all family members are accepting then how come axis denying the same? can we approach court to find justice?
Dear Client,
When a registered owner passes away leaving a property intestate, i.e, without any will, all the surviving family members and legal heirs are entitled to an equal share in the said proper...
Dear Client,
A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. After t...
Dear Client,
The death certificate of a deceased person is a crucial document that is mandatorily required for the issue of a legal heir certificate either by the Municipal Authority or to apply for a...
Dear client,
If the seller of the property is not now in India, he can still execute a POA abroad, but the process is slightly different. His first step is to visit the Indian Embassy or Consulate in...
Dear Sir,
If there is perpetual restraint from selling the land then the grandson cannot sell without the permission from the Deputy Commissioner. The conditions in the Darkasth to be read.
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