Questions › Hypothecation not terminated for my bike after loan closure in 2006
Hypothecation not terminated for my bike after loan closure in 2006
Mimithun119 on Oct 25, 2014
Sir, I purchased a bike in 2003 which was hypothecated to bank of muscat (Bangalore) and this loan was closed in 2006 and the bank then returned my rc book. Due to lack of awareness i never got an noc or so indicating the same also the rc book still says hypothecated. Now i am trying to sell this vehicle and due to the non terminated hp i am unable to transfer the ownership. On enquiring bank of muscat is no longer there in bangalore. Please advise how i can proceed with this.
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