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bank housing loan to a person, property being purchased from partnership firm having huf as partners

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(Querist)
10 August 2016 in a partnership firm h u f is In a partner and individual wanted to buy a property from partnership firm can a Bank give loan to individual against property used to be purchase from partnership firm which is having same individual of as a partner In the capacity as HUF
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Amol S Joglekar

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Amol S Joglekar (Expert)
10 August 2016 Normally Banks avoid any such transaction which might lead into legal hassle in future.....
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