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Can amount received from selling property be used to pay off loan
29-May-2023 (In Civil Law)
Just want my query answered, please - Can money acquired from selling off land in India (approx 18 Lakhs) be put to use as soon as it is acquired to pay off a student loan (20Lakhs)? Thanks!
If you have acquired money by selling property then you can use it for any legal purpose for payment of student loan or for any other purpose provided that the source is not an illegal one. Go head to pay off your loan.
Regards.
Regards.
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Adv. Suvajit Ghosh Dastidar
Kolkata | 200+ Answers
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