My grandfather acquired land on lease from DDA He subsequently build 3 floors on them. By way of family settlement, his 3 children got a floor each by way of family settlement. 1 child sold his floor to an outsider- stranger. This stranger is insiting on partition as he has tied up with a builder and they want to redevelop the property and make money without giving any share in the profit to the 2 children.
My questions...
Can Family settlement not be considered as partition?
Can the 2 children buy the strangers share?
How will the courts calculate the share of this stranger?
Is the stranger legally bound to give the 2 children a share in the profit? if yes, how much?
Thanxs in anticipation
