jimmy
12 March 2013 at 21:24
My brother had taken a loan from a nationalized bank in Mumbai. The bank had mortgaged his residential house as a collateral security against that loan, the house was not on brother's name but on his mother's name.Now he's suffering through cancer and hospitalized and has little chance to get back to his business. In this case, if he files for bankruptcy, can he save his house from being auctioned by the bank? How can he come out of the loans using bankruptcy route?
Kindly advice as early as poss.
Regards
Akhil
12 March 2013 at 00:02
Hi..
I joined in a company which is far away from my home town.. it was given in offer letter that they will give a relocation amount of 15000 INR after 3 months and if I resign within 1 year they will recover it from my final settlement.. but I'm not liking this job.. I'm planning to quit the job.. if i quit this job will it create a legal problem? will i have to pay this amount from my pocket? please reply
rohit jaiswal
11 March 2013 at 20:13
My client is manufacturer and seller of Oxygen gas for medical and industrial purpose. He sold many Oxygen cylinders to a hospital at different times on different orders and computerized bills (tax invoice) were raised by my clients accountant but the purchaser has neither paid its consideration amount nor returned empty cylinders. I sent him a legal notice and demanded money as well as empty cylinders but purchaser denied it. Now my client has no other document except those computerized bills(tax invoice). I want to know that what is evidentiary of those Computerized bills(tax invoice)and whether it will be sufficient if supported by oral evidence ?
Trivedi Advocate
11 March 2013 at 12:22
Are contract "Recitals" legally binding terms?
Please provide me any apex court judgement regarding the same.
Regards,
dharven
11 March 2013 at 12:19
respected sir,
without one partner out of three partners ,only(there are three partners in firm) two partners can sell property and bank not get possession yet.
dharven
10 March 2013 at 16:32
if there are three partners in partnership firm and two partners who have 80 % holding in firm and they wish to complete debt of the firm by sell partnership property without third partner for prevent of securisaziton act from bank so, they both partner can do it?can majority partners sell property without minority partner when partnership firm is NPA from bank and bank get symbolic possetion of the property?
dharven
10 March 2013 at 12:53
if there are three partners in partnership firm and two partners who have 80 % holding in firm and they wish to complete debt of the firm by sell partnership property without third partner for prevent of securisaziton act from bank so, they both partner can do it?can majority partners sell property without minority partner when partnership firm is NPA from bank and bank get symbolic possetion of the property?
dharven
09 March 2013 at 23:20
if there are three partners in partnership firm and two partners who have 80 % holding in firm and they wish to complete debt of the firm by sell partnership property without third partner due to prevent of securisaziton act from bank so, they both partner can do it?
Manoj
09 March 2013 at 21:04
Dear All,
i need complete guide line for ROC
1 what is ROC?
2 How can i submitted my annual return in ROC
3 which document was required for it
4 any other necessary information about ROC?
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Time barred debt
Hi to all,
My brother had taken an over draft from a regional Bank in 2004 against LIC Policies in which I stood as a guarantor. The account was neither renewed nor any transction was done from 2007. We stopped paying LIC premium from 2011. During 2011 the Money back of LIC was direcly paid to bank by LIC. Further the LIC Policy is going to mature in this month only. Now, the bank comes to us for the recovery of the overdraft amount along with interest.
My questions are whether Bank can recover the overdraft amount as this is a time barred debt ?
Can I recover the LIC policies which is pledged with bank ?