Huf case currently running in court
This query is : Resolved
24 July 2008
Hi, I had a small query, Im a ca pcc student and i came across a case but Im not able to justify it. Can you help me with it..?? IT goes like this X bought a property from Y. Y bought this property from Z with due consideration but later brothers of Z filed a case against the property holder that is X sayin that it was a HUF bought by their parents together. X further investigates and finds that the property was sold by the government to an individual i.e. Z's Father on lease and not to any HUF. But sons(SS) of real brothers(BB) of z's father claim interest in the property saying that BB invested money in it eventhough they dont have a proof on the same. QUERIES What is sale now ...of a Huf OR an Ind Will X get a holder in due course benefit can SS file a case against X Please respond as soon as possible or refer me the book where i can find its answers and incase you reply do mention the sections thereof
02 October 2008
It is confusing. If it is sold by govt to z's father how did X get it?
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