Chitty liability for son
sajal
(Querist) 03 December 2016
This query is : Resolved
Dear sir
my father take rs 50000/- from chit company for another person
with out any knowledge of may family and me, after his death the chitt offical intimate us regarding this issue that all the repaymet are over due, now the person not willing to repay the instalments, i also a chit over there for rs 50000/- while i'm withdrawing that amount the chit company deduct 15000/-(overdue amount) from me, now chity officals says to me for paying 24000/- over due amount other wise they will suite a case against me.........please help me ....
give me a advise?
Guest
(Expert) 03 December 2016
The Chit fund Company is No way responsible for the dealings of your father with " another person".Better Negotiate with the Chit company and Go for One time settlement for the Dues of your Father and Yours.Better take the help of Local VIPs to Recover the money from the Person to whom your father had helped as you have no Evidence for the transaction.
Kumar Doab
(Expert) 03 December 2016
Agreed with expert Mr.N.J.S.Rajkumar that you may involve elders, influential persons and settle the matter amicably with the person for whom your father borrowed.
Without explicit consent signed by you, the Chit Fund company should not have deducted from you.
Per documents signed by your father the lender can stake claim on estate of your father.
Try to resolve the whole matter amicably.
Your own counsel can guide you further based on facts and records.
Guest
(Expert) 03 December 2016
Thanks to Expert Mr.Kumar Doab
Kumar Doab
(Expert) 03 December 2016
Dear expert Mr.N.J.S.Rajkumar,
You are welcome.
Rajendra K Goyal
(Expert) 03 December 2016
were you a guarantor to the loan or have you signed any document regarding accepting liability of your father?
Have you inherited estate of your father?
If not, you are not liable to pay the loan of the deceased legally.
inform the company accordingly.
sajal
(Querist) 03 December 2016
Rajendra sir
im not a guarantor and i won't sign anywhere,
yes, i inherited estate my father( this property was my grand father's not my father earned)
this is the fact.....please advise my sir
Rajendra K Goyal
(Expert) 03 December 2016
If the company try to recover the amount from you, discuss with lawyer and get stay from court, ask for refund / interest / compensation from company if already recovered.
Kumar Doab
(Expert) 05 December 2016
The company should have provided you detailed communication than deducting without any intimation.
If matter is not getting resolved amicably, discuss with your counsel.
Rajendra K Goyal
(Expert) 06 December 2016
Morally you have inherited the estate of your father, you should pay his liability also.
If want to move legally, show all documents to your lawyer and discuss in detail.
sajal
(Querist) 06 December 2016
Dear Kumar Doab sir
thanks for your valuable information
Regards
sajal
sajal
(Querist) 06 December 2016
Dear Kumar Doab sir
thanks for your valuable information
Regards
sajal
sajal
(Querist) 06 December 2016
Dear Rajendra K Goyal sir
thank you very much
Regards
Sajal
Kumar Doab
(Expert) 06 December 2016
You are welcome.
