Legal Question in Credit and Debt Law in India
01.01.2013
on demand mr x promise to pay to mr y or order the sum of rs.100/- (rupees one hundred only) at any places in indian union.
(signature of mr x)
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thanks for previous reply
according to the agreement please note that mr x inherits a building from his father (as per will). he kept nothing by his own income to the legal heirs.can mr y ask the legal heirs of mr x to sell the building in order to settle the debts by mr x after his death.?
2 Answers from Attorneys
11.05.2013
Dear Sir / Madam,
Mr. Y will have to first prove in Court that the debt of deceased Mr. X are still unpaid, for the Court to issue orders calling upon the legal heirs of Mr. X to settle the debt.
Regards,
More facts needed - when was the debt taken, and when was it to be repaid? How many years have lapsed? Whether it has become barred by law of limitation or not? etc.