Legal Question in Banking Law in India
can a huf immovable property be given in mortgage to a bank without signature of coparceners?
Asked on 10/05/11, 9:17 pm
5 Answers from Attorneys
J. Radhakrishnan
independent Practice
It depends upon the bank whether or not to accept an undivided half of a property on mortgage. They can do so, if the value of the property i.e. undivided half is sufficient enough to provide the margin for the loan.
Answered on 10/06/11, 7:12 am
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
it can be mortgaged by karta of HUF under certain circumstances.
Answered on 10/06/11, 10:36 pm
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
thts ryt karta can do so for the benefit of all ...
Answered on 10/07/11, 4:00 am
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
under urgent necessity for HUF or for welfare of HUF the Karta has a authority to mortgage HUF property to the Bank without consent of other coparceners.
Answered on 10/08/11, 10:28 pm
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