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Gopu (Accountant)     29 June 2013

Huf property

I have purchased a land from Mr. A in 2002.  This land is a property of a partnership firm registered  in the year 1976.  Mr. A & Mr. B is the partners of the firm and the land is pledged with  bank and after 2 years  the partnership is dissolved in the year 1978. As per the dissolution deed Mr. A takeover all the assests and liabilities of the firm, and he clear the bank debts and also entered in a memorandum of understanding in 1990. In this he clear all the EM properties and tittle deed, registed Mr. A is the absolute owner of this property.

In  above said matter, , now i have try to sale this property. Buyer ask to rectification deed from Mr.B.  Mr. B is a Karta of HUF.  His daughter or any other leagal heiers has any right to take action against this property sale ? This issue made  before 30 years, after this long period now any of his legal heier have approch the court to stop the sales proceeding , it has any legal validity?

Kindly send a reply, it most urgent



 1 Replies

Adv k . mahesh (advocate)     29 June 2013

it is better to obtain rectification deed from the legal heirs as it will make confidence to the buyer that it has no legal problem in future and even you will get a good price 


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