Claiming right
SRIKANTH
(Querist) 29 March 2016
This query is : Resolved
Dear Sir's
Srikanth writing from Tamilnadu. My query is regarding claiming rights in property. The details are.
My grandfather registered one of his father property in the year of 1981 to his son, grand son and daughter in law's name. The registered property formed under partnership firm. Every thing got registered in the presence of registeror.. My grand father died in the year of 1984.
Later part in the year of 2007 the two partners were relinquished from partnership. Continuing partner is daughter in law of my grand father.
1.After relinquish of partners will it be necessary to obtain release of the partners at register office. When it was done at the time of property registration.
2.At present the prevailing partner is borrowing loan from outside also trying to sell the property.
3.Other grand sons and grand daughters are available now.
My query is
1. Can we claim our rights in the property.
If us please advise how to proceed.
Thanks in advance for reply.
Thanks/Regards
Srikanth ps
kavksatyanarayana
(Expert) 02 April 2016
Grand father, his son, dugherinlaw and grandson formed partnership firm. is the Firm registered under Partnership Act? if registered, when two partners relinquished, is Form V filed in registrar office for filing? then any stamp duty paid? state full facts for reply.
