Question

Mohan Lal is a famous jeweler running his Joint Hindu Family Business with the help of his three sons and their ancestral property in Chandni Chowk, Delhi, On his death, his elder son Sohan becomes 'Karta'. Sohan decided to expand the business and for this purpose, he took a loan of Rs. 60 lakhs from a bank for five years,
After five years, due to poor financial position of business, they were unable to repay the loan,
In the light of above cases-
a) Discuss the status of 'Karta' in Joint Hindu Family business,
b) Comment upon liability of co parceners in such situation,​

Answer 1

Answer:

the answer is b option i think