This topic can be dealt with under the following three heads: (a) Insolvency of the manager, not being the father of the other coparceners. (more…)
3 Most Important Effects of Insolvency on Joint Family Property
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Provision for Setting Aside of Hindu Joint Family Properties
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Setting Aside Gifts: According to the Mitakshara Law, a coparcener cannot make a gift of the coparcenary property, including his own interest therein. If, therefore, he makes such a gift and the same is objected to by any coparcener, the Court will set aside the gift in its entirety. (more…)
11 Ways by which a Partition of Property may be effected under Hindu Law
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A partition may be effected in any of the following eleven ways: 1. By agreement: Execution of an agreement in writing to hold the property separately operates as a partition. The agreement to separate may even be oral. (more…)