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Author Topic: Dispute between Father & Son, on Son's investment in HUF Property  (Read 555 times)

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Offline dancobb

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Hi,

We are a family of 4:: Mom, Dad, Younger Sister and Son (myself).

My Dad has a HUF Business of - Resort & Land Development in Pune, Mulshi area, India.

My Dad stated to me -- "Please give me money. I need for business. And I will give you Interest more than Bank. Also I will return your money - when you need it".

Since his is my Dad, on trust - I gave him Rs. 60 Lakhs in last 2 years, as he demanded at various intervals -- without any written agreement.

But now, when I asked him for Interest or to return back my money, he saying - he has no money to give.

He says, "Instead of money; from my entire land -- I can make 1 acre of land on your name in Pune, Mulshi area."

I don't want land. I want my money. What can I do to get my money back ? I'm very disturbed. Please advice.

Offline kphk

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Re: Dispute between Father & Son, on Son's investment in HUF Property
« Reply #1 on: July 15, 2015, 08:31:39 AM »
You have two options. First option - you can file a money suit and you have to convince your other family members to appear as witness on your behalf to substantiate your side of case. The second option is to make your father give it in writing that he owes you so much money and in lieu of that he is ready to allot some property. Based on this you can file your money suit.

 

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