Legal Question in Real Estate Law in India

Can a Home Loan Finance Institution, as a policy refuse to give loan, if a HUF property is involved, even after reassuring themselves that all the members of the HUF have jointly decided to sell the property for the benefit of the HUF? On the date of the sale, three members including the Karta were Majors and the fourth member was a minor. But after the sale, the fourth member has also turned a Major and now all the four members of the HUF, once again are willing willing to endorse the Sale of the property by the Karta and formalise the sale.


Asked on 8/23/10, 5:26 am

1 Answer from Attorneys
Fahri Toga TOGA//OKSUZ

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Fahri TOĞA

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Answered on 8/25/10, 5:56 am


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