Asked in Business
Dear Client you are liable but when you get your father property For further assistance please contact me Thank you
Dear Sir, 'Pious obligation' means the moral liability of sons to pay off or discharge their father's non-avyavaharik debts. ... The ancient doctrine of pious obligation was governed by Smriti law. There is a pious obligation on the sons and grandsons to pay the debts contracted by the father and grandfather. Hindu Succession (Amendment) Act, 2005- Rights & Liabilities of a daughter member Section 6(4) provides that no court shall recognize any right to proceed against a son, grandson, or great grandson for the recovery of any debt due from his father, grand father or great grand father. Pious Obligation gone Please give me rank after viewing my details. Please call me for further assistance.
you are liable upto the amount you will get from father property.
Sir, in cases like these you might have to pay the dues since you are the legal heir. However, most of such dues are paid from the assets of the deceased. Please look into all details of accounts of your deceased father and try to pay off as soon as possible. You can contact me for further assistance and to understand legal technicalities that may present in your case
Sir, Take assistance of any Business advisor or an Advocate in your area. Take a Look into your father's Business accounts, stocks and Statement of his Creditors and Debitors. and settle his dues.
Dear Client, Being your father's legal heir, it might compel you to pay of all the dues occurring in your father's business. For further technicalities, you may contact me. Thanks
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