Agriculture land purchase in Karnataka
I am planning to buy a agricultural land of 4 acers in karnataka.
The land was purchased by Mr.X in 1969.
In 1991, Mr.X executed an unregistered partition deed for the subject land in the name of his wife and 5 children. In the deed it is also mentioned that his son's should get equal share in the property. RTC and mutation was updated, but not registered in sub register office.
In 2004, Mr.X's wife alone sold the subject land to Mr.Y (Mr.Y was minor in 2004, Mr.Y's mother registered the property as minor gardien).
There was 70000 rs loan on the property when Mr.Y purchased the land in 2004. Which is still uncleared till date. The loan was taken by Mr.X's wife.
Now I am planning to buy the subject land from Mr.Y (he is Major now)
Since the subject land was purchased by Mr. Y in 2004, it's been more than 21 years.
Does Article 65 of Limitation act applies here?
Can Mr X's five children file a suit against me in future?
Since there is a uncleared loan on the property, can the bank bring stay order ?
Need your valuable suggestions. Thank you in advance.
Asked 8 months ago in Property Law
Religion: Hindu
Thank you very much for your kind advice.
In the sale deed executed by Mr. X's wife there are signatures of Mr.X's children as witness.
They were aware of the sale and they were not minors at the time of sale.
The sale deed talks only about Mr X's wife selling the property to Mr.Y. There is no information about Mr.Y's children also confirming to sell their share on the land.
Could you please suggest if Mr.X's childrens signatures in the sale deed strengthen Mr.Y's position?
Asked 8 months ago