Mumbai | 22 Mar, 2023 (2 months, 2 weeks ago)

Property Law

HOW TO SAFEGUARD HUF PROPERTY FROM ATTACHMENT?

Sir, I am a guarantor for my friend who is the principal borrower in a cooperative bank. The principal borrower is a defaulter and doesn’t have assets to repay the loan. I have formed HUF for which I am Karta. To recover the loan of the principal borrower could the bank attach My HUF Bank account and HUF property which was gifted by my brother to My HUF?
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