Hi,
I have a query regarding ancestral property.
Here is the background.
We purchased a house in 2006 on loan. Loan was taken on me and my brothers name. I was the main applicant and my brother was co-borrower. There was no need to have my brother as co-borrower but my father wanted to give him half share of house and said he will pay half of the loan. We did ECS from my bank account and the day loan started only I am paying the loan EMI. He has done some stuff for house like purchased a gate, built compound, bought some new curtains, Puja and all. Not more than 3 to 4Lacs.
But after that he has not done anything for house or loan. Now he is not ready to give anything towards loan and says he has already paid his share by doing such things. Loan amount was 17 Lacs. I already paid around 15Lacs and still 10Lacs is the outstanding balence. I tried convincing my father to ask him to pay the half loan but he is not ready at all. So my father decided to give me his share of ancestral property(agriculture land) to compensate it.
We have around 3 agriculture plots. He wish to give me one whole plot and remaining 2 plots will be shared in me, my brother and my sister.
Query is, Is this possible to give me one whole plot and equal shares to everyone in 2 plots?
Is my father allowed to do so leaggaly?
Is there any way get this done wiothout needing my brothers sign?(Obviously he is not ready to do so).
Any option to divide the property leaggly in this way?
Thanks
