Loan Recovery

Querist : Anonymous (Querist) 20 April 2010 This query is : Resolved
Can loan be recovered from a married daughter is she still under heir under hindu law?

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Parthasarathi Loganathan (Expert) 20 April 2010
Yes, Recovery proceedings can be initiated

R.R. KRISHNAA (Expert) 20 April 2010
yes

Raj Kumar Makkad (Expert) 20 April 2010
Definitely as she becomes co-sharer in the properties inherited from her parents.

Parveen Kr. Aggarwal (Expert) 21 April 2010
Till the time the borrower is alive, a married or unmarried daughter or a married or unmarried son does not have any liability for the loans taken by her or his father.

nishad (Expert) 21 April 2010
if the daughter was a co-obligant or a guarantor to the said loan facility to the borrower,then certainly it can recovered from the daughter

Akhilesh Kumar (Expert) 23 April 2010
if there is social relationship ie father and daugther then it can not be recovered but if there is agreement writen instrument regarding that and it had taken for the business of any kind then oviously can be recovered.But within three years of loan.

heirs are always heirs even after marriage.Unless expressly provided.

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