Hello Members,
Could you please guide me in this context:
My father took a car on bank loan from Orissa when he was working there. He moved to Hardoi for job where he died in an unfortunate car accident in the same car and I as a legal heir got the car released from the police station through court order as it was a death case.
The Car is parked at repair centre and the car repair expenses are upto 3.8Lacs and it has a remaining loan of 4.5Lacs.
1)The question I have here is as a legal heir am I responsible to repay the loan? Bank collection agent says what has happended to the car is not their lookout they want their money and they claim that being a legal heir we are bound to pay the same.
2)We are not interested in the keeping the vehicle in our possesion and want the bank to take the custody of their asset but they want us to bring vehicle from hardoi to odisha so that they can have a look and then decide that they will take the custody or not.
Regards,
Satya
