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Sadanand B. Panchal   27 December 2023 at 14:59

Section 101 of mcs act applied by bank after rickshaw stolen

Respected Experts,
In the year 2011, I obtained Autorickshaw through Bank loan of Rs. 1 Lacs by mortgaging Autorickshaw of third person A and I forced to become guarantor in loan secured by person A for his Autorickshaw. In such a way I and the person A obtained Autorickshaw of each other. (This procedure is often adopted by Banks while granting loan). After 4 years, my Autorickshaw was stolen. I registered FIR in the Police Station and informed Bank. In the meanwhile, I paid all insurance amount of Rs. 62,000/- which was transferred to the Bank by Cheque in my name. Bank did not made efforts to trace my Autorickshaw. Thereafter, the Bank obtained Recovery Certificate from the Assistant Registrar of Societies without notice to me. Now I received a Notice from the Recovery Officer of the Bank under Section 156 r/w Sections 101, 91 1nd 98 of the MCS Act stating that the Bank is going to auction my father’s room if I fail to pay the loan amount with interest. I have not mortgaged my father’s room for securing loan. My Symbolic possession of my Autorickshaw is with the Bank till I repay full loan amount.
Kindly inform be as per following:
1) Whether Bank have right to auction my father’s property where I am residing?
2) Whether the insurance paid to Bank can be treated as 50% amount for purpose of filing Revision Application under clause (2A) of Section 154 of the MCS Act (Before the Assistant Registrar of Societies.
3) Whether Application under Section 101 filed by the Bank before the Assistant Registrar of Societies is Applicable to my case where my Autorickshaw is not available for recovery?
4) Kindly suggest me what to do in this matter.
Thanks in advance,
Regards,
Sadanand Panchal

Nikhil Kuricheti   27 December 2023 at 14:02

Uti bond documents lost and need to withdraw

I have investments in uti infra bond I had got to know by my father had to me about them there are no bond documents or payment receipt all are lost how to withdraw my money if anyone knows please reply

Anonymous   26 December 2023 at 20:02

Received a blank check against payment in security

Dear Sir,

Here are the facts of my case...

1. Met an associate to discuss on film making In august 2021, started working in office since 19 dec 2021.
2. The agreed terms were as follows:
• I asked for a basic pay that was denied, i was told all expenses will be paid(fooding and accommodation, travel and other necessary)
• It was agreed that i will be joining as a partner in profits, no capital investment on my part all the investment and expenses were to be paid by other part.
• An agreement was made(MOU) stating that i will be appointed as the ceo for the company. That to protect my interests on the agreement binding a duly signed blank cheque was provided to me.
• Under this agreemnt if the company fails to keep their promises as discussed in agreement or fail to proceed with project due to any condition i am liable to use the blank cheque as in payments .
• The MOU duly signed in hard copy on company letterhead. And a xerox was provided to me with the blank cheque in original.
• Now, as of today the company seems to be playing a con on me... lingering the process and project. It seems in future it will shut down the project. Film making is a very difficult task, millions of people start with it and only a few 100 get the exit.
• Now after 2 years of efforts and time given in I am left with nothing. The company(the director) may have used my name and position to get favors and funding with might have been used in real estate(can't be sure).. but yes enjoyed the perks.
• Now I have the xerox of the agreemnt and the blank cheque, what shall i do and how do I deal with this situation.
• I have ingnored all the red flags about this party only in lieu of trust to get this project done. Now as i can see it very clearly things are not going to work out. He is a cheat. Also he is a man of resources, and he won't be paying me anything anymore. Please advise how shall i proceed.

Anonymous   26 December 2023 at 19:58

Received a blank check against payment in security

Dear Sir,

Here are the facts of my case...

1. Met an associate to discuss on film making In august 2021, started working in office since 19 dec 2021.
2. The agreed terms were as follows:
• I asked for a basic pay that was denied, i was told all expenses will be paid(fooding and accommodation, travel and other necessary)
• It was agreed that i will be joining as a partner in profits, no capital investment on my part all the investment and expenses were to be paid by other part.
• An agreement was made(MOU) stating that i will be appointed as the ceo for the company. That to protect my interests on the agreement binding a duly signed blank cheque was provided to me.
• Under this agreemnt if the company fails to keep their promises as discussed in agreement or fail to proceed with project due to any condition i am liable to use the blank cheque as in payments .
• The MOU duly signed in hard copy on company letterhead. And a xerox was provided to me with the blank cheque in original.
• Now, as of today the company seems to be playing a con on me... lingering the process and project. It seems in future it will shut down the project. Film making is a very difficult task, millions of people start with it and only a few 100 get the exit.
• Now after 2 years of efforts and time given in I am left with nothing. The company(the director) may have used my name and position to get favors and funding with might have been used in real estate(can't be sure).. but yes enjoyed the perks.
• Now I have the xerox of the agreemnt and the blank cheque, what shall i do and how do I deal with this situation.
• I have ingnored all the red flags about this party only in lieu of trust to get this project done. Now as i can see it very clearly things are not going to work out. He is a cheat. Also he is a man of resources, and he won't be paying me anything anymore. Please advise how shall i proceed.

ishaq mohd   26 December 2023 at 19:01

161 crpc statements

Police recorded statement of witnesses and implicated two person, later case was investigated by other officers and he again wrote statements in which earlier statements were resiled or falsified and those accused declared innocent
So my question is whether police can rewrite statements under section 161 several time

Anonymous   26 December 2023 at 10:21

Inheritance

Can one of the two sons contest on not being given any property or other movable property of the father for a self acquired earnings by him

Anonymous   26 December 2023 at 09:56

the new bhartiya nagrik suraksha sanhita

Respected Jurists,
Kindly clarify that ;
1. from which date the the new Bhartiya Nagrik Suraksha Sanhita (Second) will be enacted?

2. Will it be applicable on the FIRs applicable before the date, our Hon'ble President has signed on the relevant bill ?
I shall be ever grateful to you.

Thanking you.

shyam lal   26 December 2023 at 01:40

Pocso. act.

Can a POCSO crime committed be reported to police/court after 5 years as the victim broke silence now.

Anonymous   26 December 2023 at 01:08

Property related query

Can anyone buy two different properties at some distance(Not Adjoining) in a single khasra Number
from two different person under a single sale/purchase deed without mentioning sides( East ,West,North ,South).
If yes, under which rules or act.

shyam lal   25 December 2023 at 19:16

Ex party stay

A revision petition was filed in session court againt trial court .there by the accused party apealed in the high court and got a exparte stay Query what is the legal remedy to get the stay vacated.