Legal Question in Banking Law in India
We are 6 children, four daughters and two sons, my parents left behind a bank loan of Rs one crore, who are liable to pay the loan dues.
Asked on 3/09/13, 6:38 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
09.03.2013
Dear Sir / Madam,
(Kavalbyrasandra, Bengaluru, Karnataka)
All the six children as the heirs are jointly and severally bound to settle the outstanding bank loan dues of the parents.
Regards,
FCA Prashant Chavan
Mumbai
(You can also mail me for any further on-line advice at [email protected])
Answered on 3/09/13, 6:44 am
RAMAN KUMAR BHARDWAJ
R.K. BHARDWAJ & ASSOCIATES
all the six are leagl heirs and are responsible for the loan also jointly and severally
Answered on 3/09/13, 9:19 am
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