Business and Finance - my Uncle bought a truck Business and Finance - my Uncle bought a truck

2 years ago

Hi,
Years back, my Uncle bought a truck and financed it in my name. I helped him that time and took loan in my name. Now, he says, since it is in my name, I have to pay the loan. How can I get rid of it? Please give some legal advice. I have people who can testify that trcuk does not belong to me. Thank you

Kishan Dutt Kalaskar

Responded 2 years ago

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A.Dear Sir,
If vehicle documents stands in your name then it is very difficult to say that it belongs to your uncle. Better nicely transfer vehicle and loan in his name and get rid of payment of EMI’s or get an undated or post dated cheque from him.
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Anik

Responded 2 years ago

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A.Dear Client,

As per the facts which have been provided, you can approach an Advocate and share with him in details the facts of the case to get a better idea about the current situation.

Hope this clarifies your query and requirement.

Thank you.
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