Legal Question in Real Estate Law in India

Hi,

I lent some money to person A (have promissory note). Person A is claiming he can't repay the money. Person A has already registered all his properties on his wife's name. We are planning to arrange to buy one of the properties owned by his wife by paying him the difference.

The question is, if his wife also has some debts, with promissory notes, can the owner of the promissory note (or debt owner) litigate the property we bought from her?


Asked on 8/01/16, 7:48 pm

1 Answer from Attorneys
Dr Katta Venkata Rama Krishna Drkattavrk

1) To avoid payments to creditors, if the borrower subsequently transferred all his assets may not stand in court.

2) Same is the case with his wife.

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Answered on 8/01/16, 11:13 pm


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