I want to ask that my father has taken money from one person (friend) 2.5 lacs in 2011
through cheque without any agreement at that time he has given property papers to him and but the same property has been sold by me after my father has died on Jan 2013. That person is asking money from me.....do I have to pay him or not.
| Originally posted by : navnit virdi | ||
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I want to ask that my father has taken money from one person (friend) 2.5 lacs in 2011 through cheque without any agreement at that time he has given property papers to him and but the same property has been sold by me after my father has died on Jan 2013. That person is asking money from me.....do I have to pay him or not. |  |
Morally and socially you must honour commitment of your father and get the property paper back from financier..
You have stated to have sold the property, whether the vendee (purchaser) did not insist upon previous chain of title, which were mortgaged hence not available with you and you were unable to handover title documents ? ? ?
Legally the loan is barred by limitation, if specific mortgage deed is not registered in favour of money lendor.
