Dear Sir,
You must have seen many questions from me earlier. I went through financial crises due job loss and was jobless for 3 years.
I have ICICI personal loan pending. The last instalment was done in 2009. The outstanding then was around 120000. Now its become 360000. I have ICICI home loan also, which I am paying regularly without defaults.
The collection agency is calling my 3 times every day. I told them why don't you give me a topup on my homeloan and recover the amount. They are not willing to do it. Outstanding on home loan is only 100000 and the property value is 600000. I don't understand why they dont want to solve the problem.
Earlier my homeloan top up request got rejected by ICICI because of poor CIBIL score.
I told them not to call me everyday because the only way I can pay is through the top up loan. I am still recovering from the loss.
Please could you let me know what my options are.
Many thanks as always.
regards
Abraham.
Tom
19 May 2016 at 13:11
Dear Experts,
Now we realise that the debtor company, against which we received an arbitration award for non-performance, have challenged it under section 34. We are confident of winning the case,but the company does not have assets/income sufficient for a successful Execution. They are working from rented premises and have only computer hardware as assets,as far as we know.Seems the company was formed to cheat public like us.
In such case,what options we have Sirs ?
KARAN KUMAR KAPIL
19 May 2016 at 12:55
My wife is starting a Home based ladies beauty parlour in 1 BHK Flat on rent, There is no objection from the owner for the business. is there any illegal act done by us
Pls. advise us what we should do to run business without any objection in 1BHK Flat
Thanking you,
KARAN
DIVYANSHI RASTOGI
18 May 2016 at 17:32
What is the time period for adoption of Memorandum of Association and Articles of Association as per Companies Act,2013.
shubham sharma
18 May 2016 at 15:01
Hello Sir
I am interned under transportation firm which transports perishable as well as non-perishable goods through refrigerated logistics and for that the firm takes refrigerated trucks on lease, so when I was going through the agreements I seem to had some queries.
First of all, can lessee terminate the agreement within lock-in period without giving any notice?
Secondly, If driver carries any illegal thing and caught by police or authority, who will be responsible for that, lessor or lessee, because it is not mentioned in the agreement.
Third thing is that witness signature is mandatory to be mentioned in the agreement or not?
Please reply as soon as possible.
Thanks and Regards.
Tom
13 May 2016 at 05:53
Dear Experts, Monetary award was given by High court ordered Arbitrator against an Unlisted PLC. We had to move HC because the debtor was not coming forward to arbitrate. Now,just a day before we could file for Execution,they filed AOP in District Court under section 34 to set aside the award on various hollow grounds. They also sought separately a Stay on Execution of the award till disposal of the AOP. The Stay was granted by the court with out hearing us. We are responding with a Counter to vacate the Stay and would also argue against the AOP. Relevant dates of the case:
Arbitration started: 05 July 2015.
Date of Award: 26 Oct 2015.
Date of AOP & Stay petition:25 Apr 2016.
Any relation with new amendments to 1996 Act ?
Can we seek any interim reliefs like forcing the company to deposit a part of money in court? If yes at what stage ?
We are also concerned that the Company may try to prolong the Case and meanwhile encumber their assets in advance to defeat the execution process.Can we seek any remedy for this concern ?
Sir Please guide me how can I use CSR to comply with company law 2013.?
Thanks
sandeep kumar
12 May 2016 at 13:05
Dear members,
whether it would be valid/good to issue a legal notice by advocate to borrowers after the issuance of demand notice under section 13(2) of SARFAESI Act 2002.
in one of matters we have issued 13(2) notice to borrowers and initiated sarfaesi action which is running. Now we wish to proceed under RDDBFI Act1993 to file OA. So whether we should give legal notice to them before filing OA or not.
I think there is no need of any further notice after issuance of 13(2) ??????
If not issued then what may be repurcussions before DRT.
thanks & regards
Dear sir, Namaskar,
My query are as follows:
What is the difference b/w Global expression of Interest and Expression of Interest ?
What channel (like website/newspaper etc) should we use to float the advertisement for Global EOI so that it reaches the foreign buyers?
Is there any special procedure that makes difference b/w Global and Normal Expression of Interest? What should be the difference in EOI notice in case of Global EOI in comparison to normal or national EOI?
Are there any tutorials/knowledge base on internet to know about global EOI process?
Regards
Bond
How can I break my 2 years bond without paying