Legal Question in Real Estate Law in India

If (1) Bank has advanced loan to me or (2) my brother has given me the money to purchase the house in my name.Will that be a benami property? If no why by looking at the defination of benami transaction act 1988 which states that " any transaction in which property is transfered to one person for a consideration paid or provided by another person"? Reply specifically for both the situations.


Asked on 10/16/10, 12:56 pm

1 Answer from Attorneys
Vishwa Arya Arya & Co.

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Answered on 10/16/10, 11:45 pm


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