Legal Question in Banking Law in India

Hai , This regarding property and banking matter , actually my husband and his sibllings invested on house the thing is that my husband has invested his majority share on this house , but the house is in his mothers name , mother is no more.

There was ten thousand amount balance to clear the document purposely left in bank thinking that any body may claim that but last month bank took amt from my husband account without informing us and cleared the document saying that all 6 has to come to take document or with legal adviser. Last statement he wrote that balance amount was clered by my husband.

But the his sisiter is the surity for loan account money is to tranfer from his account to his sister account , and even his pass book & and transsation clearly shows money has trasfered from his account to his sister account , even we have a copy with us

Now my question is that

1. How can bank take money from my husband account without informing us.

2. In case if we move legaly is there any chance for us to claim 75% property because 2 of his brothers did not invest 0%.( proof: by showing his pass book or related fiance transaction which has gone from his account to his sister account)


Asked on 8/20/13, 2:39 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

20.08.2013

Dear Madam,

Today is Raksha Bandhan ... a day where the sister professes her unending love for her brother. I am not in a position to comprehend who are the 6 persons you are referring to.

1. Since the bank has debited your husband's A/c with the final outstanding balance of Rs 10,000/- since he is the owner of the house for all practical purposes; it gives you the right to get the house transferred in the name of your husband, after your mother-in-law's demise.

2. Why only 75%, as explained in point (1) above, since the entire payment for the house has been made by your husband and your children, the entire 100% share and title of the house goes to the name of your husband, and not to any of your in-laws.

Regards,

Read more
Answered on 8/20/13, 2:58 am


Related Questions & Answers

More Banking Law questions and answers in India