Hi,
I am based in Mumbai and I have couple of questions any help on this would appreciated.
My grandfather owns a flat and a industrial gala in mumbai. My uncle (Grandfather's younger son) has taken money against flat's doc for education of his son and that is from some local moneylander without any documentation of that loan. Now it has been 5 years of that loan and not even a single peeny is paid for it and my uncle has refused to pay this loan amount. Now my grandfather wants to sell this flat but uncle is threatning him and dont allow to sell this flat. The matter is my grandfather want to give reapective shares to his both son.
Market value of Flat is 50 Lacs and for Gala it is 10 Lacs
Q 1: What my grandfather can do to sell this flat as my uncle is not ready to give us our share?
Q 2: My grandfather want to give Gala to my father, how he can accomplish this? (by gift of any other mean)
Any help is appreciated..