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Vehicle related issue needs attention


15-Oct-2024 (In Civil Law)
My brother had bought a car in karnataka which met with an accident and was bought to me for repairing .The car was registered as 3rd ownership and was not transfered to his name there was no rc registered nor was there a insurance . I was going through some financial difficulty hence sold the car in scrap for which I agreed to pay him 6 lakhs as compensation .but to pay the amount I need some time what can be the best approach towards this case .
Answers (2)

Answer #1
656 votes
In your situation, since the car was not transferred to your brother’s name and there was no valid insurance or registration at the time of the accident, the legal standing around ownership and compensation can be tricky. From a practical standpoint, you’ve already agreed to pay him 6 lakhs as compensation, so it’s important to approach this issue with clear communication and mutual understanding. One of the first steps could be to have a conversation with your brother, explaining your financial difficulties. If possible, you can request additional time to gather the necessary funds. It would also be helpful to mutually agree on a written arrangement, which outlines a payment schedule that both of you can adhere to. This way, the terms are clear and documented, reducing any future misunderstandings. While the law may not be directly involved at this stage since the car wasn’t legally transferred or insured, keeping transparency and open communication can help resolve the matter smoothly.
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Answer #2
991 votes
From the data provided above it is not clear whether you sold his car due to financial difficulty with or without his consent. Apparently if the car has been sold in scrap with his consent then you can request him for some time explaining him the appropriate reason otherwise it may lead to a chaos.
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