2) If Builder r refuses to execute the deed of sale, then you can file a complaint against the owner in front of the consumer forum and seek orders from the contractor to carry out the sale sale does not provide land property to you not get such an agreement, since the bank is not ready to transfer the credit, do not let your credit or EMIS pay to someone else. Since you would leave the country, this person would probably not pay the credit and take advantage of the car to. Even because the EMI would not be paid, your financial rating would go away and you will never be able to use a loan in India. It`s best to remove all fees before you leave. @Tech brother, it is best to visit the registration service, to transfer the car in the name of the buyer himself. My friend is a lawyer and he advised me to always pay attention to aviod any legal complications that might arise after selling a used car. Perhaps the seller`s most important concern would be that the vehicle`s securities be transferred to the buyer as soon as possible. The absence of the latter could make the seller liable for injuries or accidents that occurred prior to such a transfer of ownership. All tralans for traffic violations are sent to the seller`s registered address. The worst nightmare for any seller would be the vehicle that lands in the hands of unscrupulous elements and is used for any criminal activity. Although such accusations may be refuted later, the pain and agony they initially engender are terrible. In order to avoid such unpleasant incidents in the future, it is advisable to obtain an affidavit for the sale of vehicles on behalf of the purchaser and to hold it in the possession of the seller. 6) You should take legal action to recover unpaid taxes from the buyer if you continue with your agreement 2.
The bank cannot transfer the loan to the potential buyer of the vehicle. The vehicle can only be sold so that the mortgage base is cancelled at the time of repayment of the loan amount. There is no obligation on the part of the bank to transfer the loan to a third party, so it would be better if you remearned the entire loan and transferred it to the buyer via RTO. Thousands of vehicles are registered every day in India. A lot of the figures come from the metropolises. New Delhi is added about 1,400 new cars a day. The direct result of so many new vehicles sold is that the used car market is also growing. Many new car buyers already own vehicles. They exchange their old vehicles either in vehicle showrooms or sell their old vehicles individually. Popular classifieds and websites help them find the right buyer for their vehicles. An affidavit for the sale of vehicles is a document drawn up and sworn in the name of the purchaser and generally certified by a notary.
He mentions the sale and the details of the delivery. And on the responsibilities of the buyer in the transfer of securities and liabilities with respect to violations committed after delivery and up to such a transfer. The purchaser of a vehicle must ensure that the vehicle is free of any traffic offences and that no fines are to be paid.