Saurabh Kumar Singh
01 May 2013 at 11:05
Dear Experts,
We had issued Bank Guarantee(BG) for XX amount in favour of YY Director, ZZ Dept. New Delhi.
Against no claim private bank closed the BG.
YY Director misappropriated the receiving date claimed the BG after expiry before bank. we lodge our concern and evidence before bank.
Bank ignored our submission and made the payment of XX amount in favour of YY Director.
Then Bank forced us to make the payment of XX amount otherwise our a/c will be classified as NPA in the books of the banker.
To safeguard our business interest we made the payment XX amount in favour of Bank under protest and in letter mentioned that
"without prejudice, we reserve our right to take appropriate legal recourse as available under law".
please suggest what type of legal action we can take against bank for recovery of our XX amount?
Being a limited company can we file a civil recovery suit against Bank followed by legal notice?
Please guide appropriate way out.
MD JAMAL MUSTAFA
30 April 2013 at 23:20
DEAR SIR
One has got the cc loan amounting 278000/- under KVCI scheme in 2006. After that during five years A/C is running very smoothly with the cooperation of BANK. Suddenly wife and father werwe sufferingchronic disease. Business has been affected badly during this period A/C has been also also declared NPA but no notice has been issued for NPA As soon as A has got the information about NPA CONTACT TO THE BRANCH MANAGER THEN REGIONAL MANAGER FOR THE SETTLEMENT. After that settlement talk between the RM AND BM have been conducted by the telephonic communication and give order to pay Rs. 225000/-before 31st MARCH 2013. at onceA went to the BANK and deposited RS.25000/- with an apoplication.To mention in this application thatgrant me permission and accept this amount and rest amount 200000/- will be deposited before 31st MARCH 2013. A has deposited Rs 25000/- and branch managergive initial signature on that application During this period Father has died on 27th FEBRUARY and wife is serious and under treatment. Before 31st MARCH 2013 went to the BANK to deposit Rs two lacs but branch manager denied and say to me u will have deposited 420000/-0 whichj hv mentioned after NPA OF A/C. IN WHICH CIRCUMSTANCES what to do what can be the legal remnedies for him. ONE can go for writ? How to settlethis loan through the legal process? How can go in the DRT for the settlement of loan ? Kindly help and guide THANKS
srinivas
30 April 2013 at 13:10
Am starting a website where any professional people can sell their used goods online and posted listings will be published online. Listings can be viewed by any users
In this website am asking company e-mail id for verifying his profession(optional for user) , and will be sending verification e-mails to his company ID to verify and will also be sending verification e-mails once is 3-6 months, just to update our records.
I will not be disclosing his company e-mail id to anyone but will be displaying his profession and company details.
Will this legal to ask any individual, about asking his company e-mail to verify his profession.
Sendhil Annamalai
30 April 2013 at 12:56
HI,
I run a Pvt Limited organasation in india. in my training division few of the employee with out the knowledge of the us, they are doing training as well as they are working with us also. have come to know now and can this go as legally. if so what action can be done. please advise.
Ankit
30 April 2013 at 04:42
Lydia was interested in buying a television. She didn’t have much money, so she thought that she would buy one second-hand. She advertised in the local newspaper. The advertisement said: ‘Wanted: 51 cm colour television. Good condition. Will pay a good price.’
T
shiva
29 April 2013 at 23:16
I want to start a finance company in bangalore. I want to know the terms and conditions, Rules and relugations to run the company.
If any book is available then i prefer to buy it.
please guide me.
srinivas
29 April 2013 at 09:40
Hi
Am planning to start a online store to sell products related to diabetic and orthopedic patients.
I will be selling footwear, socks,diabetic testing kits, health substitutes, diabetic foods and some electronic equipment.
These item may not be a prescription drugs, but doctors can recommend this footwear.
Since selling medicines online is banned in india,will the above mentioned products also fall under banned category?
can i sell this products online?will this be legal way of doing business.
It will helpful if you can send me list of medical items that can be sold online
Thanks
Srinivas
Mohan suthar
28 April 2013 at 15:25
Sir,
My previous company ( A PSU) credited Rs.1 lakh in my salary account at 30/03/2013 for the previous different allowances. And last day @ 26.04.2013 debited my salary account by the same amount without any intimation citing that approval for the said amount is subject to approval by authority.
My question is :-
1.Can a sender (in my case PSU) debit my bank account without my approval as in this case my company earlier credited my account and after one month debited my account.
2. I gave cheques to persons which will be bounced due to the sudden removal of amount.what i ll do in this case..
3. Can Bank revert back credited money after one month in spite of correct credentials filled by the sender?..Please Quote RBI guideline so taht i can take leagl remedies against bank and PSU
hemantcjain
27 April 2013 at 19:17
can i get gumasta licence from my home address as I am doing work from home only,and for to open current bank account its compulsory,and in textiles business there is no sales tax,vat,service tax etc.And if I can not get gumasta licence fr.home than what to do open bank current a/c. please give me better advice,
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Appointment of arbitrator
i had a loan and we paid total but 2 instalment due,one instalment NBFC refusing to accept where as we paid by cash and that instalment reciept is missing from us but later reciept are with us.Beside this NBFC raise many more amount putting different head.Now loan was sanction in Bangalore and signed also in Bangalore but NBFC appointed arbitrator in Delhi and arbitrator without asking us accepted the appointment,now we want to change jursdiction from Delhi to Bangalore,what is remedy how can we change