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Jai Prakash (Pgm Mgr)     11 May 2012

Property rights

Hi,

I have a query on legal rights of a property. 

 

The property in question is bought in name of person X, the title deed and all paper work has been obtained under X's name.  Part of the funds for this purchase has been out of a loan obtained by X's parents.  The loan was secured aganist X's mother's property, the loan account has now been closed.

What is the legal position of X aganist this property, can X's mother claim any share or stop X from any transactions related to this property.

 

Thanks



Learning

 2 Replies

Advocate M.Bhadra   11 May 2012

since the prohibition of Benami Transaction in the year 1988 and if the property is belong to 'X' the mother can not claim.

Ajit Singh Cheema (practising Advocate)     12 May 2012

X becomes the absolute owner of the property.Xs mother has no right to claim .Nor.She can interfere or stop X from any transactions related to the said property.


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