Legal Question in Banking Law in India
our's is a HUF property where my Grand Father shared it through WILL and he expired . My Grand Father have four children and we grand children are of 9 members .Now the four brothers are selling some of the property , Mortgaging in the banks with out Grand children concern . Is it valid ? How to claim our share when it is in bank.
1 Answer from Attorneys
23.04.2016
Dear Sir / Madam,
The brothers may have mortgaged the HUF property with the Bank since the family may have availed of facilities like loan, overdrafts, etc., from the Bank for business. They may have decided to sell the property with the intention of repaying and settling all Bank dues. If your grandfather has willed the property in the name of all the four sons, the grand children consent to dispose the property is deemed.
Regards,
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