Legal Question in Credit and Debt Law in India

My Father ran a finance company 5 years back and he died 2 years back.

There is on property or money left by my father. As a son/daugher am i responsible for repaying the money to the depositors from my earnings.


Asked on 10/26/09, 1:31 am

2 Answers from Attorneys
Seshadri Srinivasan www.lawconcern.com

No, you are not personally liable.

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Answered on 10/26/09, 6:02 am
KAMAL GROVER

If you receive any property or bank balance then you r liable else not.

Regards

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Answered on 11/06/09, 1:15 am


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