Legal Question in Banking Law in India

my grandmother had a property of land in which a house is built and now she wish to write it to her elder daughter among the three and the problem is that house is in education loan does it matter to register the land and house to my mom.


Asked on 5/12/12, 11:04 pm

2 Answers from Attorneys
J. Radhakrishnan independent Practice

No problem . Notwithstanding the house having been mortgaged, your grandmother can settle the house on her eldest daughter who of course takes it subject to the subsisting mortgage.

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Answered on 5/13/12, 5:06 am
Sanjay Kalra Sanjay Kalra & Associates

Your Grand mother can still will it to your mom.

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Answered on 5/13/12, 9:06 am


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