If there is a property in your child’s name and you handle it as his guardian, can you sell that property? The Supreme Court of India has recently given an important decision on this question. The Court clearly said – If someone wants to sell the property of a Guardian Minor, it is mandatory to take the permission of the Court for this. If the property is sold without permission, then after the minor turns 18 years of age, he can cancel the sale and that too without filing any case. As soon as the minor turns 18, he can either file a suit himself, or by his own conduct – such as selling the same property himself – get the earlier sale declared invalid. This case was from Davanagere district of Karnataka, where a father had sold the property of his three minor sons without the permission of the court. Later, when the sons became adults, they sold the same land again and the Supreme Court legalized their move. Hindu Minority and Guardianship Act also says the same – Guardian cannot sell, gift or give on rent for more than 5 years the immovable property of a Minor without the approval of the Court.
Big decision of Supreme Court: Court’s permission is necessary to sell the property of a minor! Money Live | Supreme Court’s big decision: Court permission is required to sell a minor’s property!
