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V V SATYANARAYANA   01 November 2008 at 17:54

Regarding compensation for non performance of machinery

Sirs,
In the the year 2002 in June & August we have procured 3 cranes at a cost of Rs. 1 crore each from a reputed cranes manufacturing in India.
In August 2004 we have purchased one more crane from them. Right from the delivery of the equipment at the site, these machines have not been performing and persistently giving troube and we could not get desired production from these 4 equipments. Though the Seller was attending but never the problems were sorted out. If a defect is rectified again another defect would crop up like that.For rectifying these defects also we have spent lakhs of rupees on each of these 4 cranes. Made full payments to the Party except in one case where we have deducted very little towards non-performance (there is no legal dispute for this deducted amount).
Finally the Seller stopped manufacturer stopped the manufacture of these cranes from 2006 or 2007 that means there might be some design fault or so. We have made several correspondences by way of lodging complaints highlighting the problems right through.
Can we at this stage can write to them to compensate for the losses we have suffered or can we approach the Consumer Forum for the deficiency in service.
Is there any remedy available to us and whether we have lost the opportunity under Limitation Act.
Kindly give your opinion as to what best we can do for redressal.
Thanking you,
V.V.Satyanarayana

A K SARAVANAN   01 November 2008 at 12:19

STAMP PAPER VALUE

I WOULD LIKE TO ENTER A PARTNERSHIP FIRM. THERE IS NO CAPITAL IN FIRM.
WHAT AMOUNT I BOUGHT STAMP PAPER AGREEMENT. (RS. 100 OR RS.300)

SARAVANAN AK

A K SARAVANAN   01 November 2008 at 12:19

STAMP PAPER VALUE

I WOULD LIKE TO ENTER A PARTNERSHIP FIRM. THERE IS NO CAPITAL IN FIRM.
WHAT AMOUNT I BOUGHT STAMP PAPER AGREEMENT.

SARAVANAN AK

vishwas shenoy   31 October 2008 at 17:14

Sarfaesi Act

Hi,

I would like to know in detail about this SARFAESI act. i'm confused whether this act is about converting the Loan into securities to sell them off for the purpose of realising the amount now or is it about selling the securities in the loan which are classified as NPA.

Suresh Venkatraman   28 October 2008 at 10:20

Arbitration

In an agreement to construct a flat, the builder has inserted a clause which has the following phrases
1. in the event of disagreement or dispute between the builder and the client, the issue will be referred for arbitration
2. that the client has no objection to such arbitrators being nominated by the builder unilaterally without seeking consent of the client
3. Such arbitrators may even be employees of the builder's firm.
Of three, the third seems patently against the laws of natural justice: 'no man shall be a judge in his own case'. However is there any thing in the arbitration act or in case law that explicitly forbids this.

Rameshchandran   23 October 2008 at 16:15

demat account

Dear members of legal fraternity,

I want to clear my doubt with regard to the demat account. Everybody know that the present situation of the global market and recession and liquidity problem.
Inorder to resolve this issue, why can't the government can allow the inversters to open and invest in demat account without giving the details of source upto 10 lakh, so that the black money will flow into the market and we can save the indian economy from global liquidity and recession.

I expect every bodies valuable sugession in this matter to acquire knowlede and share the ideas.

thanking you

With regards

Ramesh

sagar madan   21 October 2008 at 22:14

Harassment by member of a company

A member in a sec 25 company keeps on sending letters(relating to the annual report and the functioning powers of the Board) and had also filed a comlaint with the ROC against the companies directors and its functioning....the solicitore replied and reiterated time and again and asked him to excercise his right as per the AOA and come and inspect all the documents with a prior appointment during working hours.he has further gone and sent another set of letters repeting the same thing that he wants all the explanation related to accounts etc in writing.
Is there any provision under the Companies Act or other Acts through which we can restrain him to harassing the Sec 25 Company and its directors?

DEVENDRA SARAF   21 October 2008 at 23:16

Fraudulent credit card transaction??

Who is responsible bank or credit card holder for fraudulent credit card transactions? What's the redressal mechanism?

Chhaya Soni   21 October 2008 at 02:50

Entertainment Tax

Respected Lawyers,

I want to know wat percentage or amount of entertainment tax one has to pay on production of the Marathi Film in Maharashtra, who is liable to pay i.e. a producer, director or distributor, to whom to pay and within wat period it has to pay, would be grateful for the reply.

jagan   20 October 2008 at 22:40

Amount DEBITED from SBH DebitCard - Delay in service


Dear Experts!!

One and Half month back an amount of 7000/- debited from my account - SBH.

after several complaints,i got response from the bank employee that, it was BANKS MISTAKE.

but still they have not refunded my amount.

Can you please suggest me something which banks will not repeat of this type again to any of the customer.