panchajanya borthakur
03 November 2011 at 12:12
Hi Friends!!Our company wants to enter into a Barter Agreement.As per the Agreement the other party will provide us some services worth Rs. 1 lakh and instead of money we will give them our manufacturing materials of Rs. 1 lakh. Kindly let us know whether these types of Agreements are valid under Indian law if yes these transections will be covered under which Indian law??
URGENTLY I NEED A SUPREME COURT RULING IN PERMITTING PARALLEL PROCEEDING UNDER SRFAESIACT & RECOVERY OF DEBTS DUE TO BANKS & FI ACT.
Anonymous
03 November 2011 at 07:03
Sub: Fixed / Term Deposit- Premature closure and en-cashing
Read more: http://taxguru.in/finance/prepayment-penalty-preclosure-housing-loans-housing-finance-companies.html#ixzz1cbFWEMSo
FOR POINTS ON WHICH THE INVESTING PUBLIC NEED PROPER GUIDANCE, REFER THE BLOGS@
http://vswaminathan-vswaminathan-swamilook.blogspot.com/2011/10/tg-no-pre-payment-penalty-on-pre.html
http://vswaminathan-vswaminathan-swamilook.blogspot.com/2011/10/post-on-30th-oct-in-continuation.html
Anonymous
02 November 2011 at 20:07
I will be thankfull if anybody could send me the format/proforma for symbolic possession (movable property like car).
And if anybody could elaborate the term it would be more helpfull for me.
Raj Kumar Chadha
02 November 2011 at 19:24
A loan from a bank disbursed only half of the requirement of the project report which was got prepared by bank itself.The amount mostly was tranfered to clear the interest accrued during the construction period. The project never started. Properties worth hundred times more value than the project are mortgaged with bank as security.Rs 24.77 lakhs was required for the project as per the project report as banks share. They reduced it to Rs 19.20 lakhs and inactuality disbursed only Rs 13.00 lakhs. Went to the court for Rs.56.00lakhs for recovery.their books shows Rs. 13.00 lakhs only.We have offered them to pay Rs13 lakhs but since our properties worth Several crores are mortgaged with them they do not agree.They have inflated the NPA amount also. When asked how Rs 13 lakhs becomes Rs 56 lakhs in just 2.5 years the reply is 19.5 % interest plus 19.5%penal interest plus other charges etc. Originally interest rate was applied at 12.5%. we are a very senior couple and can not have the energy to go on fighting with bank, please advise us how to get our properties released from the bank.The ammount which we invested in this project as our share has gone waste.R.K.CHADHA PARI MAHAL KUNJWANI NH1 JAMMU J&K. MOB 09419198364
Sathya Narayana
02 November 2011 at 13:17
WHAT IS THE POSITION OF A PARTNERSHIP AGREEMENT (REGD.BEFORE THE REGISTRR OF SOCIETIES) WHEN ONE PARTNER FAILS TO CONTRIBUTE HIS CAPITAL TO THE PARTNERHSIP FIRM, OUT OF 2 PARTNERS. WHETHER THE PARTNERSHIP SURVIVES EVEN AFTER THE FAILURE OF THE SAID PARTNER FAILING TO PAY UP HIS CONTRIBUTION EVEN AFTER 2 YEARS AFTER THE AGREEMENT WAS ENTERED INTO? IN SUCH A CONTEXT WHETHER THE DEFAULTING PARTNER IS ALSO LIABLE TO REPAY THE BANK DEBTS RAISED BY THE PARTNERSHIP FIRM ?
Dear All,
We are in the business of providing transportation, and one of our insurance company rejected/denied to settle the claims for our commecial vehicles. There are 13-14 claims pending, and they denied to settled the claims due to various but invalid reasons. We are not in the business with that insurance company now.
It is requested to suggest the legal rememdy available to our company, to get settle our claims from them.
Regards,
Manish
Jameer
01 November 2011 at 19:21
Hello sir i am a employee in postal department.i want to know can i legally transfer my job to my brother provided that he is eligible to do that job.
Please answer
thank you
Anonymous
01 November 2011 at 17:58
sir,
In which stage a guarantor withdraw his guarantee from any loan(financial) matter.and also refer the citation of high court and supreme court.
Partner ship act
Dear Friends/ Seniors,
I am new to this site, hence start with giing regards to all learned and experts of subject.
I have a small query, need to understand the risk involved in dealing with a partner ship firm which is not regiseterd.
Further, in absence of registration can the third party enforce claims and make the firms or partnes liable.
REgards,
Ankita