Some help needed:
I received email from lawyer to sign "xxx Bank has requested the letter of
acknowledgement to be signed by Purchaser acknowledging the
disbursement of loan pending State Consent and the risk on non
consent by the State Authority pursuant to clause 9(e)(ii) Letter
of Offer."
It has been around 5 mths since state consent application. And i was not told about the risks per se. Anyone encounters the above, and do you sign the acknowledgment?
Pls advise.
You should not sign the letter to disburse payment to developer . Should push the developer to get State Consent done first , since they want the money ! In an unlikely even that state consent not given , you got to solve the problem yourself man !
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