Dear learned counsels,
"A" acquires a property out of his own earnings and dies subsequently, leaving behind his wife and a Minor son as the only surviving legal heirs. Thereafter, the mother representing his minor son as guardian, executes a REGISTERED release deed obtaining the release of her minor son's right, title and interest in the property IN HER FAVOUR and subsequently sells it. (son on the day of sale was still a minor).
My questions are,
Is this sale transaction valid ?
Is obtaining release of minor son's share by mother is valid in the eyes of law ?
The permission from the competent court for selling the minor's share is necessary, isn't it ?
Kindly clarify..
Thanking you,
Nagesh