Legal Question in Civil Rights Law in India
Hi,
I am about to buy a appartment from one of HUF member , but banks are rejecting we don't give loan to HUF property.
Asked on 11/23/11, 10:31 am
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
HUF is a legal person and is entitled to raise loan. The HUF property can also be offered as a Collateral Security to the Banks.
Answered on 11/23/11, 10:44 pm
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