Ravi Mishra
10 December 2010 at 20:40
Can this Govt. of India notification can be made available?
Kindly provide a copy of the same.
Thanks
asifa butt
10 December 2010 at 11:18
can a creditor sue the directors of a company which is merged into another for their personal guarantee. after merger directors are not working as director of new company bt are shareholder only?
asifa butt
10 December 2010 at 11:15
what is the difference between discharge and release of guarantee?any statutory as well as case law defining and differentiating both?
Anonymous
09 December 2010 at 10:39
Dear Sir,
I have a joint account with my father in ICICI Bank.
Bank has deducted certain amount from said joint account showing the amount was due from my father for his alleged credit card dues.
My question is whether bank can do so as I am not a party to the said alleged credit card,more so is'nt it the duty of the bank to approach my father for his default, if any ,and not to penalise me.
Thanks in advance.
Kumar Doab
08 December 2010 at 22:15
Dear Sir,
Kindly advice.
X was SBI customer and was approached for issue of SBI card at Delhi as life time free card.
In first bill joining charges and first year fee was charged. X protested and fee was reversed in subsequent bills.
X was not receiving original bills and required original bills due to AML guidelines and his company demanded that use of card for company purpose must be mentioned in reimbursements form and original bill can be asked for. X used to call SBI card helpline well in advance each month before due date to supply the original bill but the response was original bill has been sent and duplicate is being sent.
X asked the company to be reasonable and that their responsibility is not over till the bill is supplied to him and asked to supply the bill by registered post.
Later company started claiming original/duplicate bill has been sent by regd. Post/courier and even gave fake receipt/airway bill numbers on phone and declined to supply the copy of receipt/airway bill/POD. After this company helpline started stating bill was not sent by regd. Post/courier and was sent by ordinary post.
X protested and told he shall pay after the receipt of original bill only. Company started threatening calls. X changed his mobile number, but did not give it to company. X shifted from Delhi to another station twice and updated his address in company records.
Company was levying all kind of charges e.g GST,late payment charges, interest, finance charges etc.
Company sent photocopy of some bills but not all. X demanded either the photocopies be authenticated by seal and signature of competent person or original bills be supplied.
Company sent unsigned apology letters and some duplicate billsbut not all on original bill stationary. X visited SBI card officer sitting in State Bank of India and Manager of State Bank of India in charge of sale and service of cards, and represented to Area Sales Manager of SBI cards and SBI card helpline executive,Supervisors,senior managers.but they did not supply pending original bills and did not reverse charges.
Later they closed card and reported X as defaulter in CIBIL and are sending unsigned computer generated letter threatening legal action and stating X shall not be able to take loans .And there are threatening calls, although X has not given his new mobile number to company.
As per copy of card issue form X has not signed any clause that matter can be put up to arbitration court. However on the web site in terms and conditions has mentioned only arbitrator shall decide the matter his seat shall be Delhi only and his decision shall be final. Is it possible?
X lodged complaint as per LCI format of complaint " Credit card notice"
Kindly advice what should be the next step.
sanjiv batra
08 December 2010 at 12:59
1. WE ARE MANUFACTURER OF T.V. AND RADIOS.
2. WE DELIVER WARRANTY CARD ALONG WITH SALE OF OUR T.V.AND IT IS CLEARLY MENTIONED IN OUR WARRANTY CARD ITSELF THAT THERE WILL BE NO LIABILITY FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGE OR RESULTING LIABILITY, DAMAGES OR LOSS ARISING DIRECTLY OR INDIRECTLY OUT OF ANY DEFECT IN PERFORMANCE OF THE PRODUCT.
3. WE FEEL THAT THIS ABSOLVES US OF OUR LIABILITY FOR CONSEQUENTIAL DAMAGES.
4. WE DO NOT DELIVER ANY WARRANTY CARD ALONG WITH SALE OF RADIOS. DOES IT MEAN THAT WE ARE LIABLE FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGE OR RESULTING LIABILITY, DAMAGES OR LOSS ARISING DIRECTLY OR INDIRECTLY OUT OF ANY DEFECT IN PERFORMANCE OF THE PRODUCT
5. PLEASE CLARIFY AND EXPLAIN.
raja
08 December 2010 at 12:22
bank has initiated sarfesai proceeding and for the same loan they have filed case in drt. for the one loan, they can initiate two proceedings?
mani singh
08 December 2010 at 11:12
Sir, I had made complaint against Axis bank ragarding illegal lien of my saving a/c in Aug 2010 for cr card dues Rs 55000.Then BO passed order dated 30 nov 2010 . The bank is advised to re-credit the amount recovered from S.B a/c of the complaint as this arrangement of marking lien on the customers S.B a/c in case of default of dues was not made known to the customer by inserting it as term in the MITC.Action taken towards the above by the bank should be immediatly advised to this office. Now bank collection manager trying to negotiate me that bank will re credit amount after deducting principal amount Rs 28000. Now what will I do.Will the bank has to deposit whole amount in my a/c and in how many days.Whether bank challange this order.
Anonymous
07 December 2010 at 20:12
Can bank transfer NPA account to its Asset Recovery Management Branch even while the Recovery suit is being heard/pending at DRT??
How does the bank benefit by this action??
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Two Call Deposits Receipts one of Rs.5.00 Lacs & other of Rs.10.00 Lacs were issued on "Govt Deptt. –A/c XYZ". But these Call Deposits were issued to debit of a third party - ABC to favour XYZ with cheque favouring ‘Yourselves’.
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