Re: Bank NOC expired, want to transfer car. Now what? Quote:
Originally Posted by sandeep108 Sorry I do not agree with you with this. The owner will simply show his set of transfer papers including the car handover receipt. This will have the effect of even more problems for the purchaser as he did not transfer the car in time.
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Whenever I sell a car, I simply send a copy of the car handover receipt (with the time and date), purchasers PAN card and address proof under cover of a letter to the RTO and insurance company. By doing this, after the time of handover, I am no longer responsible for anything related to the car. |
Dear Sandeep,
I beg to differ with you in this case. My experience along with a very close friend of mine says otherways. He sold his bike and did like what you did. After 3.5 years, he got an arrest warrant in his name and police came knocking at his door for not responding to previous notices issued. After exams he sold his bike, went to native and started working there. The new owner sold it to another person who jumped quite a lot of signals for which notices were sent to pay the fine. When the notices were returned (as he was at his native), the nature changed from penalty informing challan to notice to appear in person and finally an non-bailable arrest warrant before he was declared legally as a "disappearing culprit" (sorry for this word as I am not aware of the legal word for this). He was never ever aware of all these things, the place where he was staying was taken over by another batch of students and they told this guy is not staying with them and the postman simply returned the notice to the originator. He got another job in the same city, spoke to the previous landlord and started living there when the cops came looking for him. He was taken to custody, was produced in court, was "behind the bars" for couple of the days and was ultimately freed (price was quite hefty to come out unscathed).
He narrated the story everywhere (to the police when they came to arrest him, to the advocates, to the judge etc. etc.) but everyone had the same line to state - "in the eyes of law, you are culprit, had the offence been a crime and of more serious nature, escaping would have been even tougher".
On another topic, there was a crime which happened in Kerala, where a Maruti Omni was bought from a place about 250 Km away from the scene of crime on a Saturday evening. Promised to come back on Monday to complete re-registration process and committed the crime on Sunday. On the Monday while he was anticipating buyers, it were the cop who came to arrest him. To add to his vows, the papers they signed carried no correct address and the photostat paper the buyers gave were all fake (obviously), mobile number which was used to communicate was recovered from the road just outside his house's compound wall. He was the main accused in that case till they caught hold of the actual culprits.
1st incident is what me & my friend experienced directly as I was working outside to help my friend to come out clean. He lost his job also as a result of him being accused which he earned back after acquittal.
2nd incident is what I had read in news papers.
Lesson learned - it is the seller's responsibility to get the name in RC book changed. Till that time whatever happens, it is his headache. Quote:
Originally Posted by Dry Ice The one issued to me by ICICI did have a expiry - 90 days from date of issue. However, this is not consistent - have seen some where no expiry is mentioned! |
I have experience with 3 banks - ICICI Bank, HDFC Bank & Citi Bank. All these had a validity period of 90 days for the NOC. |