Anonymous
15 October 2011 at 16:02
I ISSUED 11 POST DATED CHEQUES TO MY LANDLORD TOWARDS THE PAYMENT OF MONTHY RENT.
9 CHEQUES WERE CLEARED BY THE BANK (EACH MONTH ONE CHEQUE).BUT ONE CHQ.WAS RETURNED ON 10-09-2011 WITH A MEMO "DRAWERS SIGN DIFFERS".IN FACT ALL THE 11 PDS WERE SIGNED AT ONE GO AND THERE WAS NO QUESTION OF SIGN.GETTING DIFFERED.
ANOTHER CH.WAS RETURNED IN THE SAME WAY ON 10-10-2011.
DUE TO THIS MY LANDLORD HAS ASKED ME TO VACATE THE FLAT I AM RESIDING.
THE BANK IS SBI.THE LANDLORD AND THE FLAT IS IN PUNE.I ISSUED CHEQUES ON SBI ICHALKARANJI BR.LANDLORD PRESENTED THEM IN PUNE BANK.THIS PERFECTLY AVALID TRANSACTION.NOW WHAT REMEDY IS AVAILABLE TO ME? THERE IS SUFFICIENT CREDIT BALANCE IN THE S/B OF MINE FORM WHERE I HANE ISSUED THE CHEQUES.EACH CH.IS FOR RS.8000/-.RETURNED QHS. ARE OTHERWISE IN ORDER.
I CAN PROVE THAT AT EACH RETURN I HAD SUFFICIENT CR BALANCE IN THE S/B A/C.
vasant kulkarni
15 October 2011 at 15:49
PL.E-MAIL A COPY OF THE JUDGEMENT IN THE ABOVE CASE.THIS WAS DISCUSSED IN THE FOLLOWING CASE=
BHIKALAL KALIDAS MEHTA V/S PREETISANGAM SAHAKARI BANK LTD. REPORTED IN 2001(1)Mah LJ 665
CIVIL PROCEDURE CODE OR. NO.21 RULE NO.1
APPRORIATION OF PAYMENT MADE TOWARDS DECREE.
Anonymous
15 October 2011 at 15:27
Dear sir,
My father got loan from a finance on 1986 for 1.75 lac and was paying 36 % interest then on. He signed Empty Pro-note on the time of purchase and on 2000. we have paid 25 lac total cumulative in interest and principle. Whenever asked about the pro-note back they said that they have to recheck the account for late interest on 2001. to my surprise this 2011 finance guys are demanding another 15 lac rupees in cash as they come to know that we are selling our agriculture land. Please help me as my father is a poor farmer and also we filed a case on 2001 in local police station that we missed our empty pro-note in bus stand since we fear that this guys might be behind that theft also.
Anonymous
14 October 2011 at 14:28
i m a businessman.i used to supply goods to one of my party.i have got some cheques of that party.now the party is avoiding of making payments.i have got more balance due except cheque amount.can i claim all my money and want it in a faster way...
Anonymous
14 October 2011 at 11:17
Could you please guide about format/form of notice issued to Registrar of Companies by the High Court?
This notice is issued to ROC under Rule 92 of Companies (court) rules, 1959 on the petition U/s 560(6) of the companies act, 1956 for restoration of name a company, which has been striked off.
Sathyan Avinash
13 October 2011 at 17:19
Dear Sir,
I need your help on this particular case study which was asked by my professor to me. The particulars of the case are as follows:
X Ltd , a private limited company wants to borrow funds from a nationalised bank. The company has no assets in its name but one of the promoter director is willing to give his property as security for the loan borrowed. Hence in this case is it necessary for the company to file a e-form 8 with the registrar of companies .
An appropriate and quick reply would be much appreciated.
Thank you
V.Satya venkatarao
13 October 2011 at 16:33
Often we see Companies ( Both Public Ltd & Pvt Ltd) issuing Compulsorily convertibles debenture on private placement to the subscribers of such CCD. My particular query is whether there can be a put option /Call option on the company itself for redemption of such debentures or to put it differently , is a redemption of CCD possible under the companay Law
Anonymous
12 October 2011 at 12:57
I am the Managing Director of a private limited company. Besides this there is one another director. I want to resign from the directorship the other director is not receiving my resignation letter. I was appointed by the board. I am not a promoter director. Neither I am a subscriber to the Memorandum & Articles of Association. What should I do to resign?
akhil dhasmana
12 October 2011 at 12:19
Hello experts,
My query is regarding a situation in a government contract where a private owner purchases a government property.Government was enjoying a few subsidies or tax relaxations on that property so will the purchaser also get the same benefits?
If you can please provide necessary section and case law it will be of great help.
Thanks in advance
Akhil.
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Property as investment for return
Dear Experts,
A retired person wants to invest his hard earned money in some property at some business location in a city, so that he is able to get secure, regular income from that property commensurate with prevailing market rates and also when he desires he should be able to sell it and get the prevailing market value of property.
It is well known that if one gets into some kind of tenant/ landlord legal relationship then in long term it becomes very difficult to get rent according to prevailing market rates. Also eviction of tenant becomes very costly, time consuming and next to impossible.
Is there any other way by which the business/ investment interest of the property owner be well protected? Like getting into some kind of business partnership agreement in which the property is provided as a business investment on conditions to get regular market returns etc. And post dated cheques are taken in advance.