Loan taken from a person is dead. Two Groups are claiming the Money
16-Sep-2023 (In Recovery Law)
I had taken a loan from a persons in cheque. Wife murdered the person and is now in jail. He has a son 9 years old. Money is claimed by wifes mother and deceased mother. Deceased mother is asking for the money and is prepared to enter into an agreement if she claims we will indemnify you and the wifes mother is asking us to pay us the money as his grandson is the legal claimant. Whom should we give the money
Let them produce the Legal Heir or Succession certificate. In any case unless the wife and mother in-law claim together, don't pay the money to anyone.
If the time of returning the money has ended open an account and fixed deposit it, so that if they go to Court, you can produce the Fixed Deposit Certificate in the court and let the court decide, whom to give the money.
In that case, they also cannot claim interest, as you can show your bonafideness and they will be restricted to the interest accrued in the Fixed Deposit.
Thank You
Regards
Ramesh Agarwal
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