Anonymous
10 August 2018 at 10:14
I was issued a credit card with limit of 16000 rupees only in the year 2002 from a private bank.
Since the year 2002 i havent recieved any sort of statements in regards to my credit card account...due to some financial issues i was not able to keep up with the payment...But now i am able to pay the entire due amount in full with interest, However i have found out from the bank that a my total due amount is now Rs 18000 but the bank is refusing to accept the payment and asking me to respond to third party recovery agents who are asking me to pay 2.5 lakhs otherwise i will remain blacklisted in my cibil
Manojkumar
06 August 2018 at 19:04
Good evening all
I have been banking with HDFC bank for about 9-10 years. i am availing C.C facility also. Recently there were lot of transfers of Relationship managers in my branch due to which i dint get proper service. There were lot of communication gaps. There were unnecessory auto debits for the stock insurance even after me giving request (request was given 1 year back with proof of my policy with other insurance company) because i have taken a stock insurance policy much better than what they were offering. And i had approached them for an enhancement which they rejected. Being their customer for the past decade and my request going unanswered, i was forced to approach a new bank. They sanctioned the amount i requested for. Now the HDFC is demanding 4% takeover charge but no charges for closure with your own funds.
i need to know the following
1) Is there rule by RBI that home bank is entitiled for 4% charges for take over because the branch manager said that this rule was passed by RBI in october 2017
2) If i close with part amount then is HDFC entitled only for the take over amount.
3) Some say that what closure charges mentioned in the Sanction letter or yearly remewal letter will be considered.
4) Since i have been with the bank for past 9 years and moving out due to bad service, theres no agenda of any other gain since these charges should not be levied.
Please advice, Thankyou
DR.VEDULA GOPINATH
31 July 2018 at 09:28
dear learned colleagues
I shall be thankful to my colleagues for giving me the recent case references and reply 1. whether negative covenants of original contract shall continue in the prolonged contracts.. b. whether the contractor can claim extra amount in the extended period..
dr vedula gopinath advocate/arbitrator
Ravi Dutt Issar
30 July 2018 at 21:47
What to do if i want to change the regd. office address of a trust from delhi to Haryana state? What are the formalities and the procedure?
Goapl Garg
30 July 2018 at 08:17
A Residential Flat Owned by me ( an Individual ) is Mortgaged as a Third Party Mortgagor (the liability being defined Only Up-to the Value of the Mortgaged Flat in sanction letter ) towards Credit Facilities obtained by a Pvt Ltd Company whose account is NPA and have been referred under IBC. Myself is neither promoter, nor Director or shareholder in the borrowing company. The Promoter Director and sole shareholder of the borrowing company has expired and the borrowing company is deserted as his heirs are keeping away from the company to avoid any liability.There is no one who can be even contacted at borrowing company.The company has no tangible assets except two properties under mortagage owned by promoter and three properties(including mine) under mortgage as third party mortgage.The Bank is even not supplying any information about the latest valuation of my flat even if I may courage for discharge by payment.
Query:-
01. Whether the appointed RP shall have right over such TPG mortgaged Flat and can liquidate it while resolving the account.
02. Whether the RP shall give opportunity to me /first right to redeem the Mortgage by making out Value of the Flat.
Aniket verma
28 July 2018 at 11:04
Sir/Mam,
I was working in XL DYNAMICS PVT Ltd. A finance company based in Navi Mumbai. I joined in June 2015 and I got relieved in April 2018. I got annual bonus in both first and second year however in my exit interview I was told that you will be getting final settlement after 90 days as per company policy and I got the cheque. Annual bonus provided was only 10000 but we ha deduction of 3000 per month for annual bonus which makes it 12*3000 = 36000.
And they paid only 10000, when asked they said "as per company policy".
I am not sure what type of policy is this, they deduct 3000 per month for 10 months in 2017-18 so I should be getting near about 30000 annual bo is, instead they gave only 10000.
Please advise.
Anonymous
25 July 2018 at 18:15
I have attended a expo on franchise and shown interest in one of the food franchise they asked to pay 51000 as token amount to book the location I have paid online I have SMS and mail conversation between us after searching for one month I have not found good place for rent or lease in prime location to start a business so I have decided to give up the franchise now they are saying they will not refund any amount. I have not signed single paper for booking or taking any franchise. Please suggest what to do???
Sunil Kumar
25 July 2018 at 13:06
I have used the ATM Machine for transaction of Rs. 500/- of Indian Overseas Bank, Motor Market, Manimajra, Chandigarh on 06.11.201 around 2:00 PM. The applicant did not receive physical cash from ATM Machine but a message has been received on mobile No. 9578458752 of deduction of Rs. 500/- from SBI A/c No. 65028870651. The applicant has intimated about this to the Branch Manager, IOB Bank, Mani Majra, Chandigarh verbally and they assured that Rs. 500/-will be reversed automatically in the applicant’s account. But the amount did not get reversed after 24 hours. On 15.11.2017 I have registered a complaint by way of online and a message with Ticket No. 3475813048 has been received on the applicant’s mobile No. 9357918952 with the intimation that the expected resolution time of resolving the complaint within 7 working days.
Chief General Manager of RBI issued notification No. RBI/2010/11/547 bearing Letter No. DPSS P.D. No. 2632/02.10.002/2010-2011 dated 27.05.2011 addressed to Chairman-cum-Managing Director with the direction to entail payment of Rs. 100/- per day as compensation to the customer complaint if the complaint is not resolved within 7 days on the issue of Reconciliation of failed transactions at ATMs (RBI issued letter Copy enclosed). I have registered complaint on 07.11.2017 by way of online SBI website and a message with above Ticket Number has been received on 15.11.2017 with the intimation to resolve the complaint within 7 working days.
Complaint registered/lodge on 15.11.2017 (Online on SBI website)
Amount Rs. 500/- credited 13.03.2018
Total Days: 118 days
Total Compensated Amount 118x100= Rs. 11,800/-
the bank is not ready to give me above amount. what can I do in this matter.
Anonymous
25 July 2018 at 00:01
Can an employer take legal action on employee on the following grounds,
1) Not serving notice period - to what extent it is enforceable?
2) Damages claimed for breach of contract, NDA, non-solicitation? Again is it really enforceable in the court.
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Recovery of old outstanding dues from a pvt ltd company
Dear Sir,
We are a reputed transport contractor. We are into logistics & transportation business serving our esteemed clients satisfactorily. We wish to state that we had provided transportation services to one of our client between the period December 2009 to March 2010, to various locations as per the rate quotations agreed mutually between us. Accordingly, we had executed the transportation and delivered all their consignments, in safe and sound condition to various consignee destinations. As per acknowledgment received from the destination site we raised all the freight bills and invoice as per the rates agreed for which the total amount comes to Rs.9,24,000/- out of which they have made part – payment of Rs.1,50,000/- in 03 parts and balance principal sum of Rs.7,74,000/- has been withheld erroneously and dishonestly without assigning any reason thereof.
We in a good faith didnt bothered them as their financial condition was not well but we repeateadly reminded them of our outstanding to be paid and they asked us for some time. we even told them to pay as per your convineince.
Now the directors have closed the company and stopped answering or calls and mails they even changed thier address but we somhow managed to find their new address and it took us 2 years. we met one of the directors and asked her for payment of our outstanding dues she said we have lost everything so we cannot pay your dues write it off from your books. then we registered the case with aaple sarkar and sought police help even they clearly said we cannot do anything in this matter go to court.
The directors of the company are living lavish life having thier home and office in posh areas of pune.
please suggest us some way out to recover this dues as it is too old.
Thanks
Somesh