My wife and I bought a flat together, but the bank loan for 75% of the cost is in my name. We’re going through a divorce now, and I’m paying all the loan installments. How much of the flat can she claim, considering the loan is solely in my name?
1 Answers
Best Answer
Indian law considers the flat a joint property, regardless of whose name the loan is in. Your wife has a right to a 50% share in the property, even though she is not named in the loan. The fact that you are paying the loan installments doesn’t change her ownership rights.
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