Inheriting Wealth: Your Roadmap to Managing Assets After a Loved One’s Demise!

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When a person dies, their assets are passed on to their legal heirs. This process is known as inheritance. In India, the inheritance of assets is governed by the Indian Succession Act, 1925.

Supreme Court of India Upholds Karta’s Right to Sell HUF Property!

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The Supreme Court of India has held that the Karta of a Hindu Undivided Family (HUF) can sell HUF property without the consent of the other members of the family. This was held in the case of Sri Narayan Bal v. Sridhar Sutar (1996) 8 SCC 54.

Spousal Consent No More: Women’s Property Rights Affirmed by HC!

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In a landmark ruling, the Calcutta High Court has held that a wife does not need her husband’s permission to sell property registered in her name. The court also emphasized that a wife is not her husband’s property and does not require his approval for everything that she does.

Property Rights of Illegitimate Children: Understanding Legal Frameworks!

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The property rights of illegitimate children in India have evolved over time. Under the Hindu Succession Act, 1956, illegitimate children were not entitled to any share in the ancestral property of their father. However, the Supreme Court of India has held that this provision is discriminatory and violative of Article 14 of the Constitution.

Navigating Property Auctions: Implications of the Supreme Court’s Decision!

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In a recent SC’s ruling, the Supreme Court has held that a borrower cannot redeem his or her mortgaged property after the lender has published an auction notice. This means that once the lender has started the process of selling the property, the borrower cannot simply repay the loan and get the property back.

Property Allotment Letters: Varieties and Legal Framework Unveiled!

An allotment letter is a document issued by a builder or developer to a buyer, confirming the purchase of a property. It is a legally binding document that outlines the terms and conditions of the sale, such as the price of the property, the payment terms, and the possession date.

Supreme Court’s Decision on Property Rights for Void Marriage Children!

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Supreme Court: Children born out of a void or voidable marriage are entitled to a share in their parents’ property. The Supreme Court ruled on Friday that Hindu joint family property governed by Hindu Mitakshara Law is entitled to a share of the property of the parents. 

Navigating Property Transfers: An In-Depth Look at Section 41!

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Section 41 of the Transfer of Property Act, 1882 (TPA) deals with the transfer of property by an ostensible owner. An ostensible owner is a person who has the appearance of being the owner of a property, even though they may not be the actual owner.

High Court Verdict on Divorced Daughters’ Maintenance!

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The Delhi High Court has ruled that divorced daughters are not entitled to claim maintenance under the Hindu Adoption and Maintenance Act (HAMA). The court observed that the term “dependent” as defined under the Act does not include a divorced daughter.

HUF Explained: Unpacking the Hindu Undivided Family Structure!

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In India, the concept of family is deeply ingrained in its cultural and social fabric. This is reflected not only in social traditions but also in financial and legal structures, one of which is the Hindu Undivided Family (HUF). HUF is a unique and widely used form of family organization that carries significant financial and […]

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