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nishant (Manager)     01 March 2013

Inherited loan

Hello everybody, please help me out on this. my deceased father ran a govt licensed shop and he took some loans on the stocks of the shop which stands unpaid. since he has passed i wish to get the license tranferred in the name of my mother. now my apprehension is that would it cause any legal troubles at a later date from the bank's side. my father also used some fake property documents and colluded with the bank officials to get the loan sanctioned and the amount is too big to be paid back. my other option is that i just surrender the license of the shop. please enlighten me give me clean advices as i really do not want to face any trouble at a later date.



Learning

 1 Replies

Ajit Singh Cheema (practising Advocate)     02 March 2013

Under the circumstances  narrated ,surrendering the licence is a better option .


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