Self acquired property


If one holds self acquired property and if he wants to mortgage to one Bank to get loan, is not necessary signature of his children,. If he having grand children will they got right,.
 
Reply   
 

Holder of the self acquired property has every right to decide about the property during his life time which includes even deciding about giving share to his grand children too.
 
Reply   
 


Advocate

No signature required of children or grandchildren for mortgage of self acquired property.
 
Reply   
 

Theory says but practicals is difficult so no predictions can be given it is just like hair pin curve. if any one goes to court it simply takes----yrs.in one of my case grand son challenged with his father of his grand father's self acquired property. He took stay until suit is decided.the suit dragged until grandfather dies.after his death suit continued between father and son.
 
Reply   
 

Theory says but practicals is difficult so no predictions can be given it is just like hair pin curve. if any one goes to court it simply takes----yrs.in one of my case grand son challenged with his father of his grand father's self acquired property. He took stay until suit is decided.the suit dragged until grandfather dies.after his death suit continued between father and son.
 
Reply   
 

In case of self acquired property holders has all rights with regards to property, holder does not require and consent from anyone.

Total likes : 1 times

 
Reply   
 

Self or ancestral it is immaterial .if any one steps to court itself goes on.on point of law we can say it but in practical it is hard. only who is matured can understand .one person deposited money in bank.when term finished he gone to withdraw money.but bank refused to release and telling he is not original.he stepped to court to take justice it took 8yrs to receive his own hard money.
 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

Search Forum:








×

  LAWyersclubindia Menu