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PRATUL PANDEY (SELF)     10 February 2013

Succession of liability

Can the successors of a deceased be tried for recovery of loan availed by a deceased when alive.

if yes, then what is the relevant clause/section of the Succession Law that provisions for such  Legal Proceedings and are there any exceptions to this .



 1 Replies

Hemant Agarwal ( Mumbai : 9820174108)     11 February 2013

1.  The Successor / Beneficiary legal heir can be prosecuted for the civil liabilities of the deceased, "BUT ONLY" after the said Beneficiary has claimed the benefits of the deceased assets.

2.  The Successor / Beneficiary legal heir "SHALL NOT"  be liable for the Assets & ALL civil Liabilities (means non-criminal liabilities)  of the deceased, if the Successor / Beneficiary legal heir,foregoes his rights / claims as the legal heiriarcy rights over the Assets of the deceased.

Keep Smiling .... Hemant Agarwal

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