Dear Sir/Madam
We bought a flat from a builder for which we have a sale agreement signed by both parties. This transaction was completed by my father who deceased in 2003. The flat was build on a land which we owned and the flat was exchanged in return of land and development rights of the building. But due to sudden death of my father and inappropriate financial clarity in the whole transaction from the builder resulted in we being no longer in good terms with the builder.
The flat was registered under Amnesty scheme last year and all amounts paid but the Society which formed 3 years ago is not issuing the share certificate as they deem that we still owe money to the builder when it is in fact vice versa. The sale agreement does not state when the amounts were paid and we do not have any records regarding the same. The society is demanding to prove that all necessary amounts were paid.
Could you please advise whether under the society act, the society has the right to demand such documents before issuing the share certificate? Also please provide any references of the Act.
Many thanks
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