Shirin Dhonde
03 July 2014 at 14:54
Hello Sir,
My Father and his business partner did a Partnersheep deed for a Firm (with 50-50% share each). They opted a Property mortgage loan of 1 Crore (Partnership loan account 50-50%). Loan was taken against Partnership Firm only.
Now my father is passed away.
Can I pay the bank 50% of loan amount and get no dues from bank so that property which is mortgaged to bank gets released.
Bank is saying that paying 50% of loan amount is of no use.
Please suggest .
Thanks,
Shirin
ARUMUGAM PILLAI
02 July 2014 at 15:44
Sir,
I am in Madurai,TN.I want to start a scarp vehicle business and applied to TIN Number.If We purchase scarp/condemned/accident vehicle with rc book,i have to pay to 5% of the vehicle cost to TN GOVERNMENT as sales tax.
Also that vehicle if scarped, that dismantled parts it be sold individually ,that also we have to pay 5% to 12% depending upon items.
similar that vehicle rc book can sold to party? what is the conditions and rto norms, i want know?
please help...
Garima Rajora
02 July 2014 at 13:06
Does bike / motorcycle manufacturers need to comply with Legal Metrology Act 2009, if yes,then by virtue of which provision?
Thanks
Anjul Kumar Jana
29 June 2014 at 12:02
X bank sanctioned a sum of 700000 as loan in 2006 to A. A has drawn 400000 from that account. A has already paid a certain amount of loan. Later CBS service started by the X bank, where A's account shown fully drawn. Manager of X stated that, it was technical failure. Thereafter bank is not giving any account statement. The loan A/c declared NPA on 30/04/2010 and outstanding amount is 500000 as unpaid loan of A. At present bank served notice u/s 12(2) of SARFEASI Act stating loan amount debt of A is 666700.
What relief A is entitled to?
Whether civil court has any juridiction?
Swastik Upadhyay
28 June 2014 at 17:02
Hello,
I am from Assam. I want to start business of money lending.
Please guide me with the process of registration.
Please also share if you have any other valuable tip to share.
Gilbat
27 June 2014 at 14:22
Dear Legal Experts,
We are looking for Legal Consultants. Below are the details of the job requisite:
Team: Legal
Job title: Manager / Assistant Manager
Educational Qualification: LLB
Job Location- Whitefield,Bangalore
Professional experience: Law graduate with overall 6 - 12 years of experience in Corporates
Requirement:
Shall be responsible for the management of contracts and litigations
Key responsibilities:
1)Vetting, drafting and negotiating various Business Agreements
2)Ensuring appropriate Legal and compliance reports are provided to the respective Function Heads
3)Providing appropriate, proactive, sound & professional legal support and Services to the various Business units
4)Manage and support litigations; support and advice external counsels
5)Providing guidance and support to Human Resource Department. The candidate must have knowledge in Labour laws, handling disciplinary actions etc.
Skills & work experience:-
- LL.B. with 6 to 12 years’ experience in managing contracts and litigation
-In-depth knowledge of contemporary legal practice
-Strong communication skills, both verbal and written
Please share the resumes at gilbat.joseph@asia.xchanging.com
or gilbat82@gmail.com
Once shortlisted candidates only inviting for this interview, Please share your resume and Also Please refer your friends for this great opportunity.
Regards,
Gilbat Joseph
Kumarsirik
27 June 2014 at 00:23
I worked in a company between 2009 and 2013. When I wanted my PF amount to be settled, they started dilly dallying. This is a case with several of ex-colleagues. I checked my epf account online and noted that the employer did not pay pf amounts (both employee and employer contributions) for several months.
If I were to move legal system against this defaulter how should I proceed. Please advise.
HEMANT
26 June 2014 at 13:57
A supplier of mine has instituted a case u/s 138 NI act . The court at Daman (UT) has issued a summon . Please help me suggest a lawyer in Daman who can represent us in Daman (UT) . Can we directly approach the court through letter and admit the liability which I am ready to pay off ?
HEMANT
26 June 2014 at 09:34
In a private limited company where there is 5 directors coming with a individual back grounds having their separate/individual business of their own. They formed a manufacturing company under company act 1956 . The business of the company is totally different from all the directors are doing as of date .
There is a personal liability of one of the director of the company against his separate business . Can a court attach the property of the company if the particular director default in discharging his personal liability?
The real query is that a DRT court has passed a decree of attachment of property of that Director against the secured Debt. Can they attach the assets of the company where this person is a director ?
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A senior manager on probatio has been issued a show cause notice
I am a senior manager,scale-iii on probation with a govt rural bank(rrb).I joined the bank on 26-6-12.after 6 months the chairman made me in-charge of the biggest branch of the bank.i performed well and after 3-4 months chairman transferred me to another branch.I was also made in charge of that branch.initially I was shaky and not ready to venture into big ticket credit proposals.but on October 2013 the chairman reprimanded me in a review meeting and said that if I do not increase the credit portfolio I would be transferred to a far off place.I requested my advance/credit manager to bail me out.At which he said if I have faith in him he will bring in big ticket credit proposals.At which I relented.He was earlier advance manager of a nearby bank branch and he started bringing in advance proposals from those places.He said that borrowers are having very good repayment history and can be trusted.I being naive and gullible easily trusted him and he used to accept those proposals.But all presanction enquiry and processing of those loan cases were done by him and I only put my approval signatures on them.I used to personally inquire into all Govt sponsored cases and loan proposals in and around the branch but I took adequate security in the form of House mortgage and FD.but in case of loans given by the advance manager almost no security was taken.when I asked him why he said that if we press for security the borrowers would go to other banks.
After some time a new regional manager joined.one day he visited our branch and started scrutinizing the loan documents given by the advance manager.He reprimanded me and took us for a field level enquiry where the advance manager confided that he is responsible for all those loans and the Branch Manager is not responsible.after 3 days I got transferred to a far off place and I received an explanation/show cause notice on 18.06.2014 asking me to reply within 10 days of the receipt of the letter.I am a naive and gullible person and easily believed in the truthfulness and sincerity of that person as he was loved and respected by all in the region for his dexterity towards the job and he took advantage of this and duped me for no fault of mine.He even gave Rs.35 lac loan to his sister in law who was already a loanee in his previous branch.In fact all the other 10 person beside his sister in law were previous loaness of his previous branch and he did not tell me about this.In fact in his previous branch he was the one who recommended for sanction of those loans.He was also served an explanation letter in which he was blamed for this reasons.In my explanation letter I have been blamed for casual and negligent approach.An honest person like me has been dragged into this by a dishonest person like him for no fault of mine.In fact I have managed to get a copy of his reply to the explanation letter in which he blamed me for this fiasco and said that I being the branch manager has instructed me for enquiry of those loans and he only acted on my order, a blatant lie which I cannot prove.
I was previously a directly recruited officer of a nationalized bank but left that job as it entailed me out of state posting because in this world I only have my ailing parents and I am their only son.Now they stay alone in utter mental distress and are trudging through the last lapses of their life.I cannot face this ignominity anymore and sometimes feel like committing suicide.in regional rural banks the chairman,gm flout all the rules and feel that they are masters and can do anything.They flouted all the rules when I was made in charge of bank branches while I was on probation and some inadvertent mistake was committed by me for a cheat like my advance manager,they are baying for my blood.I have talked a lawyer but they say that my case is not strong and they would charge sheet me and I may be discharged from my service.
Can some honest and kindhearted person save me from this ignominity
Regards