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Third party guarantee and mortgage by huf

(Querist) 17 July 2015 This query is : Resolved 
Dear Experts,

Can Karta of HUF mortgage the property of HUF and give guarantee for the loan taken by any third party.
I am of view that as such mortgage is not for benefit/ welfare of HUF but for benefit of third party ,same is illegal.

Awaiting your response
Report Abuse
R.K Nanda (Expert) 18 July 2015
consult ur co.lawyer.
Rajendra K Goyal (Expert) 18 July 2015
Academic query.

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