Querist :
Anonymous
(Querist) 28 June 2016
This query is : Resolved
My dad was a bussinessman in dubai, he had few limited liability companies in dubai. He passed away recently and noone tookup the companies and we are too young to take up these companies,so everything got closed. He had some credit cards and bank loans in dubai. About this bank loans we came to know after his death. Now some bank people from dubai has came to my house regarding his loan. Can they take any leagal action against us or our property in india??
Querist :
Anonymous
(Querist) 29 June 2016
What does this means?? U dont have any idea about this??
J K Agrawal
(Expert) 29 June 2016
In India, It is common law that if debt is on behalf of the company, the heirs of director are not liable and only company property liable. If loan is personal, you are liable. I hope Dubai having same laws.
Rajendra K Goyal
(Expert) 29 June 2016
No reply to query from anonymous author.
Rajendra K Goyal
(Expert) 29 June 2016
No reply to query from anonymous author.
Querist :
Anonymous
(Querist) 29 June 2016
Thank you mr.J K Agrawal
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