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Nital Chanchani (owner)     13 February 2014

Joint holding property, one holder unavailable, how to sell

Sir, my father has joint ownership in an office purchase and had let use the office to first joint owner on half rent. The first joint owner was running his small business and as he was not able to purchase the office alone, hence he took the help of my father for half investment and half ownership in that office and my father became half owner with joint name in office purchase documents. Someway how the first holder gone bankrupt and is underground since 4-5 years and his relatives says that he had left the city with his family and they don't know anything about his whereabouts. 

Now, due to limitations of financial conditions, my father is suffering from mental stress and tensions as his all little savings and loan are invested in that office. He is in need of money for his medication and bank loan repayment. Also, several taxes, charges are multiplying with time on that property. Father wants to sell off that office or he want his share sell-off.  

Is there any way out by which father can get his money back/sell that office/sell his half share from that office? What are the legal options left for my father.



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