vinod bansal
22 June 2009 at 22:12
Respected members
I borrowed Rs. 50000/-against my property from co-op. bank in 1995,no any instalment was deposited by me,now i want to repay the loan amount alongwith reasonable interest i.e. 20000/- or 25000/- Rs. but bank officers are demanding 150000/- Rs. that is very excessive,but i want to clear my account/loan but bank is not giving any concession to me,i have listen that bank can not demand the interest amount more than principal amount,is it right,can i file any civil case in this regard for depositing and clear my loan.Plz help
irfan
22 June 2009 at 20:57
Is private money lending business in goa legal??
if yes would i require to obtain money lending licence & what is the procedure to obtain it?
is there any limit on lending interest rates???
thanks
sardul singh
22 June 2009 at 13:55
Can a joint venture (entered into between two partnership firms) open a Bank account in its name? What are the required formalities to be complied with for opening an account in the name of a Joint Venture which is purely formed for completing a contract.
Tipsy
20 June 2009 at 16:22
Getting Loan From Individual residing abroad, for my business , How to repay interest & principal amt back? RBI Permission reqd?
I am getting Loan From Individual residing abroad
How to pay interest and principal amount after 3 years abroad
Can i Pay the amount in India, as he has account ?
Is interest destruction Allowable U/s 24 ,But Principal is Not Allowed
As Deduction u/s 80C, is RBI Permission reqd ?
Nehal
20 June 2009 at 13:33
Can a Partner contract with the Partnership firm in which he is a partner?
Regards
Nehal
satish singh
19 June 2009 at 10:47
I want to Know the detailed procedure to be followed by pvt. ltd. co. to convert the name?
What are the additional procedure to be followed by Co. if it is member of MCX and NCDEX.
Satish
Manishkumar Sabu
18 June 2009 at 20:41
Hi,Is it Compulsory to get the Power of Attorney Notarized?
If yes, then plz let me know the relevant act and section.
Nehal
18 June 2009 at 14:34
Dear All
If the Company recieves a request for transfer of shares by way of gift, what all documents should the company check while giving effect to the transfer?
Regards
Nehal
mintu
17 June 2009 at 17:59
Dear ld. members
I am pursuing MBL from NLSIU Banglore writing a project on "IMPLEMENTATION OF ARBITRAL AWARDS".
For the same kindly name the statutes/enactments that provide provisions for arbitration.
Kindly also provide information for enforcement for the such arbitral awards.
As far as I know from the prospective of enforceability, arbitral awards can be classified into:
1.Arbitral awards announced under A & C Act 1996 is enforceable as court decree and
2.Arbitral awards under Chit Funds Act are enforceable as recovery of amount as arrears of land revenue.
If there is any other way to enforce the arbitral awards then let me know the same.
Thanks
mintu
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Bank's liability
Can a Bank after receipt of stop payment advice from the drawer and debiting the charges for the same,if pays the cheque on presentation, recover the amount by debiting the drawer's main Cash Credit account which is fully drawn ?.The cheque was drawn on the branch which has sub limit (10% of the total santioned limit) allocated to it.
Please advise with case laws and legal provosions what course of action is open to the drawer if bank does so.