It's messy, but please stay with me here..
I bought one property worth 6 lacs in Mumbai in year 2000, of which I borrowed 1 lac has a help from my mother (5L mine +1L of my Mother), the property is worth 60L now, ten times. My Mother passed in year 2015. We are 2 brothers, and he knew about this deal. And fairly enough he asked for his share in this property.
*My Calculations
Mother helped me with one lac, so fairly I own 50% of that amount already, so it makes it to 5.5L mine and 50 thousand his share.
So now as per today's price his share equals 5 lacs and mine 55lacs. Fair Enough??
*My brother's Calculations
His statement "If our mother wouldn't have helped you with that 1 lac, you couldn't have bought the property, and thus you don't deserve 55L now, give me 20L of 60L, and u keep 40L and its totally fair enough"
MY QUERY: if I file a suit in COURT what would be the consequences? Does court do all the calculations? Are my calculations right? On what basis does court decides?
Pls some light
