death of Proprietor- liability

vijayakumar (Querist) 27 February 2010 This query is : Resolved
Respected Sir,

The answer was excellent. But This raises more questions.
1. Suppose the propretor do not have property left over / the legal heirs do not have any property // money to pay the dues what is the position ?
2. suppose - there are more legal heirs - & the notice is served to only one / or the rest of the legal heirs are not traceble ?

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B K Raghavendra Rao (Expert) 27 February 2010
Irrespective of the fact that the borrower died with or without property left behind, the legal heirs are bound to repay the loan. If one legal heir is traceable, he could be compelled to pay the debt. In turn, he would be at liberty to recover the other legal heirs' shares from the other legal heirs, if required by filing a civil case.

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