WE HAVE FILED PETITION IN NCLAT IN APRIL 2022.PETITION NOT HEARD SINCE THAN.NO STAY GRANTED.APPEAL TO SUPREME COURT.SC GRANTED LEBERTY TO PRESS FOR THE INTERIM RELEIF.STILL NOT HEARD STATY PETITION OR HEARD FINAL PETITION. 2 IA FILED IN BETWEEN.NOT HEARD.MATTER IS BEING ADJOURNED TILL DATE ATLEAST 7/8 TIMES.THERE IS DEAD LOCK IN COMPANY AND ADDITIONAL DIRECTOR/JOINT SIGANTORY ARE NOT SIGNING CHEQUES FOR DAY TO DAY OPERSTION OF COMPANY SINCE LAST 2 MONTHS.NCLAT IS NOT GIVING DIRECTION ON IA FILED.
WHAT REMEDY WE HAVE IN LAW?
WHAT IS TIME LIMIT IN LAW TO DISPOSE THE APPEAL BY NCLAT?
Hi SIr
One of bank is operational from my building premises and rental renewal is pending for more than 1.5yrs. multiple application, meeting done with branch Manager, circle head, zonal head but nothing is moving.
Please suggest the how to process further and legal advice.
My mother had brought a loan of Rs 20,000 at 19% interest in the year 1996 ... now from the loan amount she had paid Rs 12000 and rs 8000 were unpaid ...now the cooperative bank asking for Rs 3,50,000 because of rs 8000 was not paid on time ....now my mother is not able to pay the due amount and i don't know what to do now as my mother belongs to schedule caste and she is a house wife so she is not able to pay the whole amount ...so can i get some suggestions or help on this matter
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Award passed by the Director of Industries under MSEFC . Whether the award will be challenged in appeal before the High Court or willed challenged U/S 34 of Arbitration & Conciliation Act 1996. Please advise.
what is the procedure of the private limited company properties sell to other private persons. kindly tell me sir
Dear Experts
I have availed a loan from a national bank under CGTMSE scheme (Small Enterprises) in 2014. The business was ok till 2017. Thereafter due to some health conditions couldn't continue and the account went into NPA. Currently I am unable to pay and no source of income. The bank have hired a recovery agency who visits my home every now and then. This is not a willfull default. I am willing to pay around 20% of the loan amount by selling some of my assets. Can't the bank claim from CGTMSE?
Is ESI PF deducted on arrears of salary given by company to it's employees
Foreclosure charges on the od limit by hdfc bank
I have a OD limit with HDFC Bank for a very long time and HDFC bank has been charging high interest rates from me and now other private bank offers me lower rate of interest and I want to switch the bank.
If I switch my bank right now then do I have to pay the foreclosure charges? Today I received a letter from the bank citing the changes in the agreement regarding the prepayment charges. They tend to charge 4% if I am not registered under MSME at the relevant time of availing the facilities and 2% if I am registered and NIL if I want to reduce the business liabilities. My renewal date is due in June and I was registered under MSME and I have a MSME certificate dated 29.03.2022.
I want to ask:
1) The exact definition of prepayment charges and whether they apply at the time of renewal?
2) Whether I come under MSME or not as mentioned by the bank at the time of availing the services?
3) If I change my bank by the means of takeover at the time of renewal, then whether the prepayment charges apply or not?
4) If I Pay all the outstanding amount with my own funds at any given point of time, then whether the prepayment charges apply or not?