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February 20, 2025 at 7:56 am in reply to: Unsecured Personal Loan ~17Lakhs Will be forgiven if loan bearer dies? #51321UUser_9bf48c3a
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February 20, 2025 at 7:56 amThe answer is no. My father had a personal loan due and was being harassed by recovery agents 18 years ago. He died during that stressful ordeal, and when the agents visited again, they were made aware of his demise by the neighbors as we had evicted that house. 3 years later, a policeman came to our house and asked for the Death certificate of my father as a case was filed to recover the loan, but the policeman assured us that the case would be closed after the submission of said certificate. We were never approached by either police or loan agents ever again.UUser_9bf48c3a
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January 18, 2025 at 4:57 pmSo here’s my personal experience:Bought a 3bhk builder floor from a builder in a reputed society in my city. The builder owns the 1st floor and he added a clause in the sale deed that he won’t share electricity load with me. So how it goes here is that every plot is alloted 8kw load per plot, so since ours is a 4 floors building, each floor gets 2kw load default as per the electricity contract with the society, as they provide the electricity connection. If you need more load, you can apply and get it for certain charges. That’s all good. But the builder kept insisting that since the sale deed clause clearly mentions he won’t share the meter load, he is under no obligation to honor the society contract. So I went to the Manager and he made it abundantly clear that society’s bylaws would supercede any such arbitrary clauses in the sale deed.
So the builder had to share the load with us.
So if you own the floor inside a residential society and they have their legal rules, talk to the manager. Or go to the Nagar Nigam and discuss it with them. Such arbitary clauses in the sale deed are rarely taken seriously and there’s no way to enforce them.
So don’t sweat it. It’s nothing.
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