saroja
22 January 2014 at 15:24
Mr X is a ornament dealer and given his ornament to Mr B to sell the same, Mr B could not able to sell but pledged the same for 50 % of market value, in addition to to pledged money, B also put some more money of his own and made part payment to Mr X.
Now Mr X filed criminal case against B alleging that B is failed to make entire payment nor able to return the ornaments, as per said complaint police recovered the ornaments from banker.
Now, to whom gold has to handed over ?
1. If given to X , B will loose money (paid by him on his own source) and Banker will loose their money
2. If given to B, both X and Banker will loose their money
3. If given to Banker, X & Y will loose
Here, X created valid mortgage to Banker
Please advice
Regards,
Saroja
atul mehta
21 January 2014 at 13:53
i'm a director in a pvt ltd company had taken a loan from canara bank,baroda,Gujarat,for the company Rs. 2.5 Crore had mortgaged my house and a flat of my daughter as third party guarantor.
I failed in repayment after 3 years of dealing with bank,account become NPA and Bank did all the procedures and sold my house and not back the NPA notice amount in full of 2.5 crore.
Now between recovery and NPA classification it took 8 months time. Now bank is demanding Penal interest/Interest/legal expenses amount to Rs. 70 lacs for 8 months otherwise they will sell daughter,s flat.
Bank got the original demand notice amount in full.
Approached many advocates but no body seems knowledgeable and all have different views but no body was confident.
Can you suggest me a way to save my daughter,s flat i'm ready to pay some amount but not the huge amount bank is asking.
I met the manager of bank but he says he is helpless as the flat is mortgaged with them if flat was not there they would have bargained in amount.
Please help.
Best Regards
dinesh
20 January 2014 at 22:27
I had applied for draft of Rs 150000 on 27 sep 2013 request on hotline are taken with assurance of deliver with in 7 working days
After 15 days of not getting same i again called up for the same,i am surprised that they said sorry sir we cannot process the same as you had utilised the amount from your credit shell,i asked them that than why had you taken such request she told me that we are sorry and now i can take a fresh request for rs 85000 whic is balance on your card and you will get same with in 7 working days
Agian after more than 10 days when i didnt got the same and no return call from your bank i enquire the same and this time i didnt got any surprise because i understand your intention is not to refund the amount as your get my money intrest free than also this time i made request for rs 50,000 with same condition.
This is also not happen,
I got 2 call from your office after so much of harrashment and complain to you online as well as on phone calls.
first time she confirm that you will get amount and please do not use the card meanwhile from that day i didnt use the card till amount received.
on her 2nd call she appoligies and she told me to call back and reconfirm till evening only but non of call received after that call.
You are using our money from last 27 sep 2013 and we are losing interest for the same.
when the first time your officer name vimal genrate complain no and i got text on my mobile too, they dispatch draft of rs 85000 via blue dart courier which was return as they don't have any phone no on that envelop
again i called up and complain for the same finally its reaches to my office and clear in my a/c after 45 days.
I had give order on 27 sep, than after 7 days she took offline request and again on 15 oct on hotline for rs 85000 no.
you know very well how stupidly your banks software and staff and greviance cell is working , i have no concern as what kind of operational thing to be used to maintain international standard.
my issue is that the bank should pay intrest @3.46% for 30 days for rs 150,000/-
from the date of request taken as if in any case we didnt make such payment we have charged higher amount of penalties ,service tax and intrest shuold you bank appoligies in this way only please reply with this issue only and this time do not reply after 30 days as if we didnt pay intrest on time you charged again intrest on intrest for the same amount so they same process to done in my case and Stan bank has to pay all amount as they charged to their customer for non payment on time.
Please reply all this urgently to take further action.hope this time i get assure best service by replying fast.
Deepak
19 January 2014 at 09:29
Ques: A is having a Car loan account in bank in which his brother 'B' is guarantor giving only personal guaranty. 'B' brother of 'A' is also having an agricultural CC limit in same bank. Now he want to discharge his CC limit account in which he has deposited title deed. B is claiming title deed, Can bank exercise right of lien by holding title deed for recovering amount for car loan account of his brother A which is declared NPA. Plz reply with relevant Judgments?
Lakshmi
18 January 2014 at 19:53
sir
can a company be registered by a nri as an indian company? can inward remitance be brought as capital ?
is there any procedures to be filed with rbi under fema act
can i know the procedure for starting a company by nri in india. is there any special for to be filed in ROC ?
RACHIT
18 January 2014 at 18:33
What are the benefits of converting the partnership firm into private company and then to public company instead of directly converting patnership firm to public company?
P.S - our partnership firm is converted to private company first and then after 5 days it is converted into public company .
we ask this to many experts but no satisfactory answer came. Please elaborate your explaination and the benefits especially in terms of taxation and registration fees.
Sandeep Kumar Varshney
18 January 2014 at 13:40
Hello,
I want to start a school from nursery to 8th class in my village.
kindly tell me the procedure to start it.
thanks & regards
sandeep
Email: sandeepkvarshney@gmail.com
Nitesh kumar jain
17 January 2014 at 19:05
Please help me out regarding licensing in FSSAI (for Manufacturer and importer) and Compliances as well and also about renewal of the same??
Er.SUNIL VASUDEVAN. M.Tech, LL
17 January 2014 at 08:04
Can the individual experience of partners be considered as the experience of the partnership firm while applying for pre-qualification of a contract ?
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Striking off
If a Redg. pvt. company is in the process of Striking Off, and would like to sale the movable property of the company like vehicles/ car , whats is the procedure.
Can it be sold to any pvt. party or any NOC Legal formalities is required