About mortgage loam

As you quoated Indian Succession act is 1925., where as the Hindu succession act with amentment 2005. given below 

"Hindu Succession Act, 2005 has finally abolished the doctrine of son’s pious obligation and now the son cannot be made to discharge the debts of his father solely on the basis of his religious obligation. Thus now the liability of the children to discharge debts of their father extends only to the extent of the assets inherited by them. The children cannot be made to pay the debts out of their personal assets."

as per the above said Law, the liablity of the son is restricted to the value of property which he Inherits.

Your are most welcome !!

 If loan taken is one of Housing Loan and if covered under insurance policy, then it is sufficient that you intimate the demise of your father along with the documents like death certificate, Legal heir certificate etc. .The onous responsiblity will lie on the insurers to settle the housing loan that is outstanding. As such, there is no  liablity on your part.

If the loan taken does not fall under the above category, then the bank is entitled to take legal action for the recovery of  the outstanding due to them.