Property share clarification

Guest (Querist) 07 June 2012 This query is : Resolved
Sir,
My father started a self owned business on 1975. He bought a land on 1982. In 1983 his two younger brother joined with him in business but they didn’t have any share in that. One of them worked in shop and other in land. We lived in joint family. In the mid time my father bought many properties. In 1998 business was in loss. And sold all the properties to compensate the loss but except that first bought land, though still having some private loans and bank loans.
We all got separated in 2001 . My father taking care of the land and one small father taking care of the shop. With that income he bought some property. Now they are asking share in the land also. Do they have any share in that property and shop license is in my father’s name. From that income only they got properties. They didn’t spend anything to compensate the loss. Till now my father paying some interest to private loans and bank loans. What can we do now? Do they have any share in the land?

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ajay sethi (Expert) 07 June 2012
since land is standing in name of your father , he is absolute owner of said land . your relatives dont have any share in said land .

Guest (Querist) 07 June 2012
sir, the business lisence is in my fathers name. its started my father only. we just asked my small father to take care of it. now he is not giving back it to us. with that income he bought some properties. do my father have rights to take back the business? and do my father have any share in those properties? my small father dont have any other income..

Shonee Kapoor (Expert) 19 June 2012
Yes, father can file a suit for restoration of business to him.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

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