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CERTIFICATE OF SALE OF IMMOVABLE PROPERTY BY BANKS UNDER SARFAESI ACT, 2002
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This is a precedent of Sale of immovable property by Banks under SARFAESI Act 2002
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DEED OF TRANSFER OF A FLAT WHERE THE BODY OF THE FLAT PURCHASERS IS YET NOT FORMED
The Transferor has purchased the Flat in the Real Estate Project/Building from the Developer. The Transferor has not availed any housing loan from the Bank. The body of all the Flat Purchasers is yet not formed. The Transferor desires to sell the Flat. This is the precedent of Deed of Transfer for the same. This precedent can be used for commercial premises also with suitable changes.
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CONVEYANCE OF IMMOVABLE PROPERTY BY A LEGAL GUARDIAN/MANAGER OF A LUNATIC
This is a precedent of Conveyance of Immovable Property (Land and the building) whereby the property of the Lunatic/person of unsound mind is being sold by the legal guardian and manager appointed by the Court and with the sanction of the court.
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A SECURITISATION APPEAL TO DEBT RECOVERY APPELLATE TRIBUNAL CHALLENGING THE ORDER OF DEBT RECOVERY TRIBUNAL UNDER SECTION 18 OF THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002.
The Bank/Financial Institution has issued a notice u/s 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and threatening to take actions under the same. A Securitisation Application u/s. 17 of the said Act was filed by the Borrower before Debt Recovery Tribunal which is rejected. This is a precedent of an appeal u/s 18 of the said Act to Debt Recovery Appellate Tribunal challenging the said Order of Debt Recovery Tribunal.
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MEMORANDUM OF UNDERSTANDING FOR SALE OF A FLAT
The Vendor is the Owner of a resident flat which he intends to sale to the Purchaser on the agreed terms. This is a precedent of Memorandum of Understanding (MOU) whereby the Vendor has agreed to sale the flat on agreed terms.
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LOCK OUT AGREEMENT
The parties intend to sell and buy the property/flat etc. However, the negotiations and finalization may take some time. Pending the same, they want to bind each other for the specific time to enable them to finalise the terms and arrive to the proper contract. This is a precedent of lockout agreement for the above purpose.
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AN APPLICATION UNDER SECTION 17 OF THE SECUTARISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 BY A THIRD PARTY WHO IS NEITHER BORROWER NOR GUARANTOR
The Bank/Financial Institution has issued a Notice u/s. 13 (2) of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and threatening to take actions under the same against the property of a third party who is neither a borrower nor a guarantor nor in any manner responsible to Bank/ Financial Institution. This is a precedent of an application under Section 17 of the Secutarisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 by a third party to be filed before Debt Recovery Tribunal challenging the said action of the Bank/Financial Institution.
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CONVEYANCE OF IMMOVABLE PROPERTY SUBJECT TO EXISTING MORTGAGE
The property is already mortgaged. The Vendor is unable to redeem the mortgage. However, the Purchaser is willing to buy the property subject to existing mortgage. This is the precedent of Conveyance of an immovable property in favour of the Purchasers who is willing to buy subject to the existing mortgage.
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AN APPEAL BEFORE THE DEBT RECOVERY APPELLATE TRIBUNAL CHALLENGING THE ORDER OF THE DEBT RECOVERY TRIBUNAL UNDER SECTION 20 OF THE RECOVERY OF DEBT DUE TO BANK AND FINANCIAL INSTITUTIONS ACT, 1993
This is a precedent of an appeal before the Debt Recovery Appellate F153Tribunal challenging the Order of the Debt Recovery Tribunal under Section 20 of the recovery of Debt due to Bank and Financial Institutions Act, 1993.
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DEED OF DECLARATION TO BE SUBMITTED BY OWNER/S AND THE PROMOTER/S AS PER SECTION 2 OF THE MAHARASHTRA APARTMENT OWNERSHIP ACT, 1970
This is a Deed of Declaration to be submitted by the Owners/the Promoters as per Section 2 of the Maharashtra Apartment Ownership Act, 1970 to effectively transfer the land and building in favour of Condominium/various Purchasers under the said Act. (FOR STATE OF MAHARASHTRA)
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AN APPLICATION TO CHIEF METROPOLITAN MAGISTRATE OR DISTRICT MAGISTRATE BY BANKS/FINANCIAL INSTITUTIONS/ SECURED CREDITOR U/S. 14 OF SARFAESI ACT, 2002 FOR THE PURPOSE OF TAKING POSSESSION/FORCIBLE POSSESSION OR CONTROL OF THE SECURED ASSET
This is a precedent of an Application to Chief Metropolitan Magistrate or District Magistrate by Banks/Financial Institutions/Secured Creditor u/s. 14 of SARFAESI Act, 2002 for the purpose of taking possession/forcible possession or control of the Secured Asset. The Bank/Financial Institution/ Secured Creditor has become entitled to the possession of the Secured Asset under the provisions of SARFAESI Act, however, the Borrower is not co-operating.
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DEED OF EXCHANGE IN RESPECT OF RESIDENTIAL FLATS
The Parties are the Owners of their respective residential flats. Both the parties desires to exchange their respective flats with each other. This is the precedent of Deed of Exchange in respect of Residential Flats. This precedent can be also used for properties other than residential flats with appropriate changes.
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APPEAL UNDER SECTION 15-T OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992, BEFORE THE SECURITIES APPELLATE TRIBUNAL (SAT) CHALLENGING THE ORDER (PENALTIES AND ADJUDICATION) OF SECURITIES AND EXCHANGE BOARD OF INDIA PASSED UNDER CHAPTER VIA OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992
This is a precedent of an appeal under section 15-T of the Securities and Exchange Board of India Act, 1992, before the Securities Appellate Tribunal (SAT) challenging the order (Penalties and Adjudication) of Securities and Exchange Board of India passed under Chapter via of the Securities and Exchange Board of India Act, 1992.
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