Legal Question in Family Law in India

huf

There is a partnership firm where few partners are huf. They want a loan for their business. What will be the implication if they mortgage its property as a collateral security.

Thanks


Asked on 8/28/08, 2:12 am

2 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: huf

The HUF property can be mortgaged as collateral if the HUF is a partner in the firm. The implications shall be same as that of an individual.

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Answered on 8/28/08, 8:15 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: huf

Implications as an individual partner.

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Answered on 9/01/08, 2:04 am


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