Apni Law Staff asked 2 years ago
My husband lost his job and needed money for credit card bills. We used my gold jewellery as collateral for a loan. Later, my mother-in-law used more of my gold to get a car loan for me. The money went into my account, which I gave to my husband. He promised to return the gold within a year. We separated, and he couldn’t pay the car loan. I had to sell the car for Rs. 5.5 lakhs to clear the loan. Now my husband and his family are demanding Rs. 3.65 lakhs for the gold. They claim I’m responsible since the money went into my account. Should I pay them to get my jewellery back?
Best Answer
Apni Law Staff answered 2 years ago
Under Indian law, your husband and his family cannot legally demand payment for the gold. The loan was taken in your name, and you sold the car to clear the loan. You are not obligated to pay them anything, as the debt was yours, and you settled it.
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