Legal Question in Credit and Debt Law in India

Yes you are liable to clear your fathers debt.........Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.

19.02.2013

Dear D Chakraborty,

(Jugberia, North 24 Parganas, West Bengal)

If you are convinced about the authenticity and genuineness of the borrowing, and do not wish to keep any unsettled liability of your father after his demise, you should offer to settle the same.

Regards,

FCA Prashant Chavan

Mumbai

(You can also mail me for any further on-line advice at [email protected])

Briefly the points which emerge from your question:

1. You inherited property from your grand-father.

2. Your father had borrowed certain sums.

3. Your father dies in the year 2008.

Based on above; unless you have inherited property from your father you are not liable to pay any amount; and that too only to the extent of the estate and not beyond. Secondly, your father dies in the year 2008; limitation to initiate recover action expires in Dec. 2011, hence whether the recovery proceedings were initiated on which date is not mentioned by you; hence am unable to make a correct comment on limitation issue.