Anonymous
31 August 2022 at 10:01
There is a personal loan with a private bank of 12 months term. 4 installments have been paid without any break. I need to pre close it so that there is no financial debt and may be avail finance for business from another bank. I am willing to pay all the remaining EMIs with preclosure penalties if any. But the bank is not permitting it. There is a clause in the loan agreement that the loan cannot be prrclosed. But this looks against natural justice as I am willing to pay all the dues and penalty if any. The liability of a borrower must be to repay with all interest even to the extent of full term. Are there any RBI norms governing this. What is the way out to preclose the loan. Thanks for any good advice
Anonymous
20 August 2022 at 20:40
My client is an Indian company that has entered into a consortium agreement with company B to bid for a Government project in India. The consortium agreement states that my client and company B shall both be jointly and severally liable to the Government for execution of the project. My client will sign this clause with Company B and the Government on the required bid documents but wants to enter into a separate agreement with just Company B, stating that my client will not be responsible for any of the liabilities arising from the project. If anything goes wrong, can the Government still sue my client in spite of the clause exonerating it from liability, that it signed with just Company B?
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sonavnayak
12 August 2022 at 14:32
Bombay High Court : I win arbitration interim order in the year 2018 and respondent fail to obey the interim order. Arbitrator after covid grant them again several chances but respondent fail without any valid reason and arbitrator order us to file Contempt petition in Bombay High Court. I file on 01-04-2022, till date case came not on board, how much time it takes to come board. Please help me
Anonymous
23 July 2022 at 12:50
Daily wage staff 6 years for experience certificate
Anonymous
14 July 2022 at 03:06
Our Housing Society in Mumbai negotiated and signed MOU with a Developer (a Pvt Ltd Comoany) for Redevelopment of our Society blogs. At the time of signing the Development Agreement, the Developer wanted the Society to sign the DA with its Wholly owned subsidiary, another Pvt.Ltd. company. Over the years this Wholly owned subsidiary has failed to honor its commitments as per DA like paying Corpus Fund, Compensation for Temporary Alternate Accommodation, Penalty for delayed possession etc. They are also not following certain clauses detrimental to the interests of the Society members. They say they are in financial difficulties. What are the responsibilities of the Holding Company under such circumstances and what action the Society can take against the Holding Company?
Krishnaiah Krishnsiah
13 July 2022 at 07:29
Dear experts,
Up to 2017 Lakshmi vilas bank having a good reputation in the market and paying regular dividends and also before a back issued rights shares above rs.100 to it's share holders and all of a sudden tranafered to a Singapore based bank alleging that due to bad or non performing assets.
What the government agencies like reserve bank, legal team before sanctioning loans, Finance ministry,and above all the board of directors about the loans doing for all the time.
Owing to their negligence the share holders like me got heavy losts.
If an ordinary farmer not able to pay his dues in time due to PROPER REASON the bank officials create a BIG SCENE before his house and why not the CONCERNED take a proper action and it is purly INEFFICENCY of the concerned and they must make responsible for that.
It is learnt that there is a case pending regarding the Lakshmi vilas bank in the honourable supreme court and hence is there any positive result or any expert knows the STATUS ?
Anonymous
04 July 2022 at 12:40
Dear Sir(s),
my client's company has been striked off from ROC . The company also has litigation pending in its own name.company is not carrying on any business or operation since its incorporation.
So can we apply voluntarily for withdrawal of company's name from ROC?
what about the litigation . We do not want to revive the company's name.
Krishnaiah Krishnsiah
05 June 2022 at 16:57
Dear experts,
A person having an amount in a bank about 10 lakhs died without nominees but a un registered will executed with having two witness stating that I blessed 7 daughters and performed marriages to all of them and given as per the custms .if I dies my entire properties belongs to my wife after my death and unregistered will deed as per the format. But bank officials are not accepting the unregistered will and not paying the amount and asking a succession certificate.
Would it be convenient for you, give a suitable advice and two of the daughters are expecting something ?
And also procedure?
Is it not valid unregistered will deed?
Thanq experts in advance.
Anonymous
28 April 2022 at 11:39
My employer and my client has an 'No Poaching Clause' in contract. However, in my employment agreement, there is no such clause to join my client. I want to know whether 'No-Poaching' clause is valid in court of law and what repercussions can it have on me if I join my client without informing my employer.
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Cgtmse loan
Sir , after completion of my graduation I started a manufacturing unit by taking cgtmse loan of 12 lac in 2019 . But due to covid 19 and lockdown amount was spent in labour wages , electricity charges, premises rent etc . Now Currently I have no money to pay . My OD account will become NPA after 30 days . What are further processing? I have strong intention to repay bank as soon as possible but currently have no money. Shall I go jail or there is any auction of rental property ? Please advise