Can HUF Property Be...
 
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Can HUF Property Be Used to Pay Personal Debts of the Karta?

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(@vasu singh)
Joined: 7 days ago
[#4421]

The Karta of our HUF has pledged joint family property as security for his personal business loan taken in his individual capacity. The bank is now proceeding against the HUF property for recovery. Can a creditor of the Karta personally recover dues from HUF joint family property?


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