Loan on property without notice to minor who is owner of property .
5 years ago
My ancestoral property in which acc. To will of my grand father i hold half the share and my sister holds 1/4th and my father holds 1/4 th share was pledged in bank for loan without my notice, by my father when me and my sister were minors, now the cc limit has become NPA and bank is trying to get possession of my and my sister's property which my father had taken loan on without bringing to our notice i was 14 then and am now 20 and have applied for stay in court , what is the possible outcome of this case ?
Read Related Answers
Strong Legal Notice--Recovery of amount
Dear Client,
Unfortunately, there are no legal remedies for illegal issues. A contract for an illegal purpose is void from the beginning and in case such an illegal act is revealed from any source, bo...
Bajaj Fin Overdraft loan default
Dear Client,
A borrower of a loan or debt is held liable personally for his or her debt for non-payment of the outstanding amount of the loan. Once the repayment of the loan stops or bounces for cons...
Unsecured busniess loan default
Dear Client,
Under the CGTMSE Scheme, in case of default by the borrower subject to the overall guarantee cap amount, the liability of the Trust in respect of credit facility shall be in case of Term...
Scaler Scam
Dear Client,
In the given scenario, since the institute is providing online service, the complaint against them over deficiency in service and unfair trade practices needs to be filed online mode thro...
Loan and online gambling
Dear Client,
The Information Technology Act 2000 regulates cyber activities or online gambling in India. There is no explicit law that makes online gaming and gambling an illegal activity in India. O...
Read Blogs on Bankruptcy and Debt
Bankruptcy and Debt Lawyers
Find Lawyers by Location
