Transfer of property if recovery case is pending
My father's younger brother had opened a company in early 1980s and taken a heavy loan from state financial corporation in name of himself, wife ,sonand daughter. He had made three brithers including my father directir in his company only for name sake who did not receive salary but my fatger resigbed about a year after his appointment. All this was in paper.However his factory did not work and he soon shut and came to Delhi without repaying their dues. He bought a house if four storeys in late nineties in his daughter name and declared himself bankrupt. In early 2000 my father received a notice pasted on his house that he is liable to pay the entire loan amount. He went to Delhi high Court but did not file any fir .he was given a paper on which he had been made guaranteed sole. However neither were they his signature neither was even the name correct of the signature. It seemed as if a child had made it. The case continued for seventeen years in Delhi and my father lost the case by saying that even forensic test was not done. Now when he calls his brother they don't meet or pick up the phone and he has filed appeal. He is old man so in case he transfers a property to daughter in lifetime shall the daughter also be made party to case or shall that property be attached. Dude to this fear father bought office in mothers name that she refuses to give back and mother and sister want to usurp all property and on the basis of father's one house of very small amount transfer the recovery case on me. Should u take his house or not as I have got nothing.