• Automobile

Dear Sir, 

This is with regards to one of the old vehicle that we have (maruti Van) which was bought in 1994. 
- The same was bought in the name of my maternal grandmother and the vehicle was financed through a financial institution called - Manipal Finance. 
- The loan has been repayed by my father to the financial institution but the document has not been collected for the repayment of the loan. 
- This financial institution (Manipal Finance) has closed down since long back and my grand mother also has expired - who is the official owner of the vehicle. 
- Neither can we get the documentation of the loan cleared from the financial institution nor can we get the transfer of the ownership done as my grandmother in no more. 

This vehicle is with us since many years in an un-used condition. We would like legally dispose this vehicle - by either selling this vehicle or scrapping this vehicle by selling it to the scrap dealer.  

Please suggest.
Asked 2 years ago in Civil Law from Bangalore, Karnataka
sell  it for scrap . you must be having evidence of loan repayment by cheques . on your grand mother death vehicle can be transferred in favour of your father on receipt of NOC from other legal heirs
Ajay Sethi
Advocate, Mumbai
24847 Answers
1336 Consultations
5.0 on 5.0
After the demise of your grand mother your father and his siblings are the owners of vehicle and all of them could have got it transferred to their name by applying to RTO. Sell it for scrap now.
Ashish Davessar
Advocate, Jaipur
18884 Answers
473 Consultations
5.0 on 5.0

Ask a Lawyer

Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous!
Ask a Lawyer

Civil Lawyers

T Kalaiselvan
Advocate, Vellore
15330 Answers
141 Consultations
5.0 on 5.0
Ajay Sethi
Advocate, Mumbai
24847 Answers
1336 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
18884 Answers
473 Consultations
5.0 on 5.0
Krishna Kishore Ganguly
Advocate, Kolkata
12737 Answers
263 Consultations
5.0 on 5.0
Nadeem Qureshi
Advocate, New Delhi
3646 Answers
138 Consultations
4.9 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
2895 Answers
44 Consultations
4.9 on 5.0
Atulay Nehra
Advocate, Noida
527 Answers
18 Consultations
4.7 on 5.0
Rajgopalan Sripathi
Advocate, Hyderabad
916 Answers
55 Consultations
5.0 on 5.0
Ajay N S
Advocate, Ernakulam
1955 Answers
19 Consultations
5.0 on 5.0
Thresiamma G. Mathew
Advocate, Mumbai
1323 Answers
89 Consultations
5.0 on 5.0