Saravanakuamr (Software Engineer) 05 August 2016
adv.bharat @ PUNE (Lawyer) 05 August 2016
As total loan is 25L your family members ahve to joint and severally liable to pay that amount. Each member need to pay 8.35L to complete that liability.
As your education loan is 4 L u need to pay more that is 13.35l includiing interest.
You can setter it amicably among all family members.
after satisfying all liability you can sold it and share profit accordingly.
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Kumar Doab (FIN) 05 August 2016
The lenders can recover the debt from estate of the deceased.
It is responsibility of each of children to maintain the parent(s).
It is certainly better to determine joint and indivisual share and settle amicably.
Register family agreement and leave no scope for future litigation.
Augustine Chatterjee,New Delhi (Advocate & Solicitor at Law) 05 August 2016
There is a pious obligation as per Hindu law , upoin the legal heirs to settle the accounts and clear the debts of their late father. The liability shall be joint. If your sister is not agreeing to distrivute the liabilities impartially, file a partition suit and claim your legitimate share as per law.
Augustine Chatterjee
Advocate & Solicitor at Law
9999931153
Kumar Doab (FIN) 05 August 2016
Hindu Succession Amendment) Act,2005 The son is not liable to pay debt of father.
Lender can rcover from estate of the borrower.
It is certainly better to determine joint and indivisual share and settle amicably.
Register family agreement and leave no scope for future litigation.
Or approach court shall settle and partition.
Sonia malhotra 07 August 2016