Anonymous
25 March 2010 at 15:51
Ours is a export company(since closed)and was having a turn over of 10 crores or so per annum.Due to meltdown in USA,we did not get payments worth 5 cr and rest money went down the drain as fabricators also kept with them the raw materials.Our a/c was declared NPA with Rs 902 lac as principal and Rs 82 lacas penal interest as on 31/3/08.We had pledged two properties against this loan.
On our request an OTS was agreed for Rs943lacs on 26th june 2008 and by 23rd july a sum of Rs 583 lacs were deposited by way of disposing the factory.We were ready to pay balance by disposing of the second property(pledged with bank)but bank imposed another condition that a case filed by one of our suppliers against bank and us be quashed or withdrawn.or we pay Rs 48.69lacs to bank as security as the sum demanded /claimed by our suppliers,we have allegdly cheated them.
To show our bona fide we deposited Rs 25 lacs with the bank and asked for six months to get the case quashed.
We went to J & K High Court which was pleased to quash the case against us and as bank did not file quashing of criminal proceedings,the case against them was not quashed then.Now they have filed the quashing.
In the meantime the bank approached the district Megistrate under 13(4)of sarfaesi act for taking over our remaining residential property pldged with bank and now from remaining Rs335.10lacs the demand of bank has gone to Rs 485lacs(can not understand calculations).As late as 30thsep2009 the bank has written to D M that the outstanding of us is Rs 335.10 lacs plus interest for ten months(roughly 35lacs).The next date of hearing with D M is 30/3/10.
In a separate development,one of our of family members(with whom we have a case under IPC 498A)has moved civil courts locally and have obtained a stay from alienating the property against us,and BANK.There case is that this is a inherated huf property and hence could not be awarded to us by lok Adalat(in fact they have challanged the award of lok adalat award giving me the property)
My question is
Is district Megistrate bound by civil courts?Does he have to honour the stay of civil judge??
Can bank dictate terms to us to get a criminal case withdrawn or else they would take property?
Thanking you
Anonymous
25 March 2010 at 14:33
Hi All,
For An NPA account with secured, what is the interest rate Bank charges for closure in the private Bank,
Priya
25 March 2010 at 10:57
Hi,
My daughter was born in Jan 2008 in our house itself. We have not yet registered the birth(of course we made a mistake by not doing that). Now I want to register. We are in chennai. Where should we register and what docs are required as proof ?
mahalingam
24 March 2010 at 23:04
sir
pls advise me, I have filed complaint against dealer and manufacturer of laptop and also against reliance co. for defect in the goods (data card)and deficiency in service.As per the judgement of our Honble SC JUDGEMENT by our Lordship justices A.K.Ganguly and Markandeya Katju according to the provision 7(b) of Telegraph Act consumer redressal fora has ousted jurisdiction as against telecommunication co. In my case I have filed case not only against reliance co. but also against manufacturer and dealer of laptop company.Weather my case is to be dismissed for want of jurisdiction as per S.C. judgement.
Soma
24 March 2010 at 22:56
I am a practising Advocate, Having my own letter head which I use to write legal notice etc. In my letter head my qualifications and the word 'Advocate' are mentioned followed by my name.
Now my query is that whether for my personal communication can I use my letter head? For example if I have to write a letter to a newspaper editor or a friend can I use my letter head?
Whether such an act will fall under advertisement?
Parthasarathi Loganathan
24 March 2010 at 19:57
Of Late, although States declare shortage of electricity and resort to Power Cuts, there is no Law on land to arrest or stop misuse of Electricity in public. Floodlit cricket matches, Political banners, Public Meetings, VIP marriage functions, power theft, Advertisement banners, etc all contribute towards misuse of Electricity. Is there any enactment under which these aspects can be taken up to the courts to intervene misuse of Electricity ?
Ritika ahuja
24 March 2010 at 18:21
I had deposited an INR 500 rupee note in a banks ATM. The bank said it was a discrepant note. The bank further stated that since I did not revert to them within a month of them sending me the letter intimating me about the same, they have destroyed the note for security reasons.
During my interaction with the bank, the bank also asked me to send them a copy of the letter which they had sent to me, which I complied.
Further to gather evidence, when I asked them to send me a copy of the letter as per their records, they simply say that the letter which I have is the same and do not provide me with the copy.
I suspect that there is something wrong about their claim of the note being discrepant. If they have a copy in their records, why arent they providing it to me inspite of repeated requests.
What are the remidies that I have if the bank is not proving me with copy of the letter as maintained in their records.
Further what are the other ways of proving that the 500 currency note deposited was descripant or not?
vikas
24 March 2010 at 16:37
MY query is
IF A MEMBER IN A CO-OP HSG SOCIETY who has a flat and garage also.for both there are seperate agreement from builder.
AS PER MOFA DEFINITION OF FLAT INCLUDES GARAGE.
THERE IS A SUPREME COURT JUDGEMENT THAT SOCIETY CANNOT WITHOUT ANY REASON NOT GIVE NOC TO SELL THE FLAT.
SO CAN GARAGE BE SELL TO A OUTSIDER WHO IS NOT A MEMBER
Anonymous
24 March 2010 at 14:53
I wanna know that in case of traping by ACD, what are the remiddies & wheather it is helpful to submit representation or not, kindly tell me the cons & prones to submit the representation.
what are the points to be take care while drafting the representation.
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