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I want to avail of a home loan for a residential property that I, along with my father and mother, will co-own. The major source of funds is my father’s earnings. The bank is asking for no objection certificates from my siblings, two married sisters, but I am unable to convince one of my brothers-in-law. What options are available for me or my father?
Sir, if your sibling is unwilling to provide the No Objection Certificate (NOC), you can approach the family court for a solution. If your father is the primary source of funds, explain the situation to the bank. If necessary, you can file a legal petition to obtain the NOC through court intervention. For further legal assistance contact us on our helpline number.