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Ankit Saha (CEO)     28 September 2017

Property attachment

A person took loan and defaulted. He transfered his share of his property to his sister and wife. If the lender file for recovery, can the property transfered can be attached?


Learning

 2 Replies

G.L.N. Prasad (Retired employee.)     29 September 2017

Proper way is to approach court for fraud and getting cancellation of the sale deed.  This is ultimate remedy.

P. Venu (Advocate)     29 September 2017

The property could be attached even after transfer, if the transfer was fraudulent and in order to avoid the creditors.


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