Legal Question in Intellectual Property in India

A commercial rental property was purchased by my father for 50 lakhs.My father passed away 6 years ago.Now the property is in the name of 8 of us including my mother and my fathers mother

and one is a minor.But now the property is valued around 5 Crores.The problem here is that my sister wants to sell the property and wants her money.But the rest of the family members does not want to sell this and want this propert to grow.

What are the settlement solution with my sister?????

BTW i am from india,kerala


Asked on 6/03/11, 5:06 am

2 Answers from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

pay the sisters the value of their shares in the court and get their statement recorded before the judge that they relinquishing their share for the sum of money paid.

Read more
Answered on 6/03/11, 11:07 am
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

yes this the right way to resolve the issue

Read more
Answered on 6/03/11, 11:55 pm


Related Questions & Answers

More Intellectual Property questions and answers in India