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M.L. Subbaraya Setty (Dead) By Lrs. And ... vs M.L. Nagappa Setty (Dead) By Lrs. And ... on 23 April, 2002 cites

M.N. Aryamurthy And Anr. vs M.D. Subbaraya Setty (Dead) Through L. ... on 20 September, 1971

24. Regarding joint family properties, it has been directed that where rents and profits are received by members from joint family property in his possession, he would be liable to account for such rents and profits received by him. Regarding acquisition of property after severance of joint status, it was directed that if a member acquired some property with the funds in his possession, the other members could claim no share in that property. It is clear that the liability to account to each other for the income derived from the joint family would continue. The parties are liable to account for the family assets in their possession is apparent from para 20 of the earlier decision reported in M.N. Aryamurthy's case which reads as under:
Supreme Court of India Cites 9 - Cited by 69 - Full Document
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