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Deepak Thakur   02 April 2008 at 17:46

How to take time to repay legally so that we can be in safeside

My name Deepak, age 23 years. I took loan and started one office where I was doing data entry job work from few of companies. Just one month was passed one person came to me with a proposal of data entry work for which he asked for security deposit to be submitted to the company to get that work. But since I was not having enough money he said me to collect few members through advertisement or friend circle and tell them to deposit the amount and get the work. I did same. My friends and few strangers came to him he convinced and they get ready then they submitted Rs.5000/-, Rs.7500/- or Rs.15000/- depending upon their capacity and this way Rs.2 Lakh was collected by me. But they were asking for security so I gave in writing on stamp paper that my company is taking so much of amount and that it is refundable and we will be giving job work every month. I forwarded that money to that person who after a month run away by that time. First job work was finished and all members where asking for another job. I took that job work and then since it was taking long time after few days I meet that person he said that he will give transfer to my account on so date against which I gave my cheques to all the members. But on that date he failed to deposit the amount. Then he made many promises he wrote a declaration on stamp paper that he has took 2 Lacs from me regarding this project and he will return on so date. And that date also came and gone but he failed to do so. After that he made many promises and now those members started doing case or complaint over me. Once I complaint against that person to police but taken back when he started giving money after 7 month but now he returned just Rs.35000/- and started promising again. I just to know what I can do to be safe as all members have on writings from me they say they don’t know that person. Now, may be he return back or not also but I will return them money back but I need few time to do so. So, what kind of law we can use to be safe in which we can ask for time under which I will return the amount to all the members. Please if any one can help on this matter. I not have too much of money to hire lawyer for this. Already facing financial crises due to such problems.

My problems now is that
- that person is not coming who played this game.
- He just keep smsing that on so much that he will transfer some amount.
- Then late days he send half or full of his said money.
- The members are now not ready to wait they started doing cases or complaint on me.
- If there is any law, under which that person has to come in front. Or if I can ask for time to repay all of them of which I paid Rs.60000 till now.
- Please help in this regards.

Thanks in advance.

Umesh Jain   02 April 2008 at 13:29

How to become Bank Manager


Dear Expert,
I m graduate (BA) from rajastahan University with 68% marks.
what is the procedure to become Bank Manager? Is there any segeration for state wise Plz specify in details.

thanks in advance

Regds/-
Umesh Jain.

sampoorna   02 April 2008 at 13:22

how to put the case on graviance cellof IGP ?

respected sir,

is there any different cell of IGP?
where i can give a complaint to concern SP.pls kindly explain how to give a complaint to the SP ? should i produce all documents to the SP which iam having to show the guilty of my father-in-law (A2).i lodged a complaint in women police station begumpat an N.B.W is pending on my husband in that police grounds. to which SP i should approach?

thanking you
sampoorna

J. P. Shah   02 April 2008 at 13:10

Misuse of SECURITISATION ACT 2002

ONE OF MY FRIENDS HAS BEEN THROWN OUT OF HIS FLAT WITH WIFE AND TWO SMALL SONS BY OFFICERS OF A NATIONALISED BANK FOR AN OVERDUE OF RS.3000/-ONLY, IN HOUSING LOAN OF RS.400000/-SINCE LAST 9 MONTHS, BECAUSE HE DID NOT REPEATEDLY ENTERTAIN OFFICERS WITH LIQUOR AND NON VEG FOOD. NOW HE HAS NO FOOD, CLOTHS, HOUSE, MEDICINES, HIS BANK-FILES AND MEANS/TOOLS OF SURVIVAL AND EARNING. HE LOST BUSINESS IN THIS PERIOD.THEY ARE SURVIVING IN A ASHRAM. HE HAS NO MONEY TO PAY FEES TO DRT/COURT OR ENGAGE ADVOCATE. DRT IS NOT ACCEPTING APPLICATION WITHOUT ADVOCATE AND FEE OF RS.12000/-. LOCAL POLICE IS NOT DOING ANYTHING ON HIS COMPLAINT. V HAVE OBTAINED SOME INFORMATION UNDER RTI ACT, WHICH SUBSTANTIATES THAT BANK OFFICERS HAVE GROSSLY VIOLATED LAW OF LAND, SUPREME/HIGH COURT JUDGEMTNS AND RBI CIRCULARS NOT TO RESORT TO ABUSIVE RECOVERY METHODS. NINE FUNDAMENTAL RIGHTS HAVE BEEN VIOLATED. COMPT WITH NHRC IS NOT ATTENDED BY THEM.LEGAL AID ADVOCATE IS ILLEGALLY ASKING FOR MONEY TO FILE WRIT. BANK HAS DEPRIVED HIM OF INFORMATION AND MONEY TO DEFEND HIM.DRT IS THE APPELLATE TRIBUNAL FOR ACTION OF BANK UNDER SECURITISATION [SRFAESI] ACT 2002 U/S 17. RBI IS NOT RESPONDING DESPITE TWO REMINDERS, LAST TO GOVERNOR OF RBI. ADVOCATES ARE DEMANDING RS. 40 TO 50000/-FOR JUST FILING WRIT IN HIGH COURT. DRT ADVOCATE WANTS RS.25000/- FEE FOR FILING FRESH APPLICATION IN DRT. FURTHER DELAY BY GOVT MAY PROVE FATAL TO THIS FAMILY. BANK H.O. IS SUPPORTING ERRING OFFICERS SO THAT OTHER DO NOT GET DEMORALISE FOR RECOVERY. THIS IS CASE OF A COMMON MAN OF INDIA VERSUS BIG NATIONALISED BANK, WHICH IS ACTUALLY MANDATED TO HELP AND DEVELOP COMMON MAN !

OUR LEARNED EXPERTS MAY GUIDE FUTURE COURSE TO MY FRIEND.

Anil Jain   02 April 2008 at 12:41

A general term

Dear Experts first of all wishing u a very cheerful coming f/y.

If a person has to take back his money from someone and no legal papaer had been maintained at the time of money lending, then in this case for which time(how long) the lender can sue the borrower for returning money.
(only oral contract has been maintained b/wn them.)

Regds/-
Anil Jain

bm   02 April 2008 at 10:58

Ammending the share certificate

when there is change of name of the company.is there any procedure to alter the share cetificate. if is there please guide me

J. P. Shah   01 April 2008 at 23:19

Jurisdiction of Consumer Forum

My son was trading in shares with a share trading terminal at my place of a subsidiary of a renowned private sector bank. The trading agreement states as subject to mumbai jurisdiction. All transactions have taken place at my place through the trading platform of company's direct business associate at my place. My son incurred loss as the system did not function when markets crashed on 21-01-08. Please let me know if territorial jurisdiction will be district forum under consumer protection act at my place [its a district place with this forum] or mumbai which is 1000 kms from my place.

Kishor   01 April 2008 at 20:18

Indemnity Bond

Hi,

Thanks for such a wonderful forum you started.
I appriciate if you answer my question :

I booked a flat in pune in 2005 and got possession in Dec 2006.
now in Apr 2007, builder is ready to give me completion letter. But he is demanding Rs. 1 Lac for indemnity bond.
I am not sure what is this.
and he did not tell me while purchasing the flat.
Also can you please let me know what is this and who is liable to pay the amount.

Thanks
Kishor

madhur   01 April 2008 at 19:17

PROPERTY PROBLEM

SIR I WANT TO KNOW THAT WHAT IS THE DEFERENT BETWEEN HEIR SHIP CERTIFICATE,LATTER OF ADMINISTRATION,PROBATE & LETTER OF SUCCESSION WHEN CAN WE USE THIS WORD IN COURT APPICATION.PLEASE TELL ME AS SOON AS POSSIBLE.
THANKS IN ADVANCE.

Saurabh Mehta   01 April 2008 at 17:50

article 12 of the constitution of India

Sirs,
If in any matter government officer particularly secretary given a certificate that an institution is started under the agis of the government it is run and financed by the state govt. and it is a semi government orgation, then whether it can be said that the orgation is a state under article 12 of the constitution of India.
Pls. help me.
Regards,
Saurabh Mehta