Can the successors of a deceased be tried for recovery of loan availed by a deceased when alive.
if yes, then what is the relevant clause/section of the Succession Law that provisions for such Legal Proceedings and are there any exceptions to this .
PRATUL PANDEY (SELF) 10 February 2013
Can the successors of a deceased be tried for recovery of loan availed by a deceased when alive.
if yes, then what is the relevant clause/section of the Succession Law that provisions for such Legal Proceedings and are there any exceptions to this .
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 11 February 2013
1. The Successor / Beneficiary legal heir can be prosecuted for the civil liabilities of the deceased, "BUT ONLY" after the said Beneficiary has claimed the benefits of the deceased assets.
2. The Successor / Beneficiary legal heir "SHALL NOT" be liable for the Assets & ALL civil Liabilities (means non-criminal liabilities) of the deceased, if the Successor / Beneficiary legal heir,foregoes his rights / claims as the legal heiriarcy rights over the Assets of the deceased.
Keep Smiling .... Hemant Agarwal
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