LAWyersclubindia LCI
Login  Register
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Parents joint account & recovery of children's loan?

Querist : Anonymous (Querist) 31 August 2022 This query is : Resolved 
For the recovery of loan taken by children, after the demise of any one parent, could the creditor bank freeze either or survivor joint account of parents under Hindu Succession Act?
Report Abuse
K Rajasekharan (Expert) 31 August 2022
The amount in the account will now be that of the survivor. If she is a guarantor of the loans of the children, then her account can be put under freeze by the lender bank.

Hindu Succession Act has no much role to play in this case, as the amount due to the deceased will be that of the survivor but not that of the successors.
Sudhir Kumar, Advocate Online (Expert) 09 January 2024
please be clear on facts instead of putting a question paper for examination.

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now





Ask Query
Unanswered Queries

Laws Follow us





Browse by Category

Stay updated with latest Posts!