Motor vehicle sale issue
5 years ago
Sir, My car was affected by the recent Kerala floods and is declared as TOTAL LOSS by the insurance company . But they will be settling the claim on salvage loss basis only. So I have sold my car to a salvage buyer on the basis of Salvage quotations arrived by them
The salvage buyer gives the amount quoted by him in cash and he gives a sale letter and proof of his id. Then the balance amount vof the IDV is settled by the insurance company . I have given signed Forms 29 & 30 to him and he says he will repair the vehicle and sell it . What should I do , if he doesn't do transfer of ownership within a reasonable period of say 90 days ?
Deepak Yashwantrao Bade
Responded 5 years ago
GANESH SHARMA
Responded 5 years ago
Rajender Prasad
Responded 5 years ago
What is your main concern?
Change of ownership?Payment to Financial Institution?with Insurance Company?
Best option for you would be to get in touch with an Insurance Advocate.
Shanti Ranjan Behera
Advocate
Rameshwar Dadhe
Responded 5 years ago
Get issue a legal notice and file complaint with police and transport authorities