sailu
26 July 2019 at 12:56
Dear Sir,
Please Advice for below as.
Tenure of Work order.(Validity).
Anonymous
19 July 2019 at 09:10
What are the law firm that can help a corporate to drafting a Tender documents/RFP and contract to be concluded with domestic and or Foreign parties.
Are there any slandered tender documents and contract documents for turnkey work involving material & services.
Anonymous
10 July 2019 at 14:40
My Bank Guarantee has been expired on 10.10.2008. It was given as a performance in favor of xyz against the contract awarded. The contract was terminated in March 2010. I have a dispute with the departement. I have given a legal notice to that extent. I have asked the Department to give back the BG originail as it it is expired and no use for them. They have not responded. I have approached the Bank to discharge my BG. They have asked for Original BG. I have informed that is not necessary as the BG is already expired long back. They have told that it is certain that we will not invoke the BG after expire date; but dicharge the BG original BG is required; that is the Bank Rule. Anyy body advise in this context. Is there any such rule either in Banking Laws or in legal paralance?
A Sen
04 July 2019 at 09:43
My questions to the learned forum arises from observing how SBI Cards recovery agents are mentally, emotionally and verbally harassing a recently widowed senior citizen on the credit card dues of her deceased spouse who was the principal holder and she was a supplementary/add-on card holder and seldom used her card.
The recovery card agents statements try to link, apart from their usual derogatory verbal communications from virtual numbers (no call back numbers) – which is against the established norms set by the Master Circular regarding Credit Card and BCSBI norms, run around the following two declarations of the Most Important Terms and Conditions (MITCs) declaration of SBI Cards:
1. Terms and Conditions Governing Credit Card facilities shall be applicable to the Supplementary /Add on Cardholder as well.
2. The total Outstanding on the Card Account, together with the amount of any Charges effected but not yet charged to the Card Account, will become immediately due and payable in full to SBICPSL on bankruptcy or death of the Primary Cardholder and the Card Account shall immediately stand cancelled. The Primary Cardholder's estate will be responsible for settling any Outstanding on the Card Account and should keep SBICPSL indemnified against all costs including legal fees and expenses incurred in recovering such Outstanding. Pending such repayment, SBICPSL will be entitled to continue to levy finance charges at its prevailing rate.
My questions to the learned forum are:
1. Since credit card is an unsecured personal loan agreement between the principal holder and the bank, and the add-on card holder’s card was dependent on the principal holders and its issuance/termination is dependent on the status of the principal holder, under which legal provision SBI states that all the responsibility of due falls on add-on card holder after the demise of the principal holder, whereas during the life of principal holder, all liabilities of dues of both cards were on the principal holder alone – under which Indian law this antipodal reversal of role is possible when a credit card issuance does not require a mortgage/guarantor;
2. Since it is an unsecured personal loan, thus not covered under SARFAESI Act, under which legal provision the bank declares that on demise of the Principal holder, the estate of the principal holder will be responsible for recovery of dues. I am aware that the exact phrases are used in some of the USA States (not in most), but under which legal provision can the bank make the estate of principal holder be responsible for the repayment of an unsecured personal loan without mortgage/guarantor.
It is important to note that I have seen similar cases with private banks (ICICI) that on reporting demise report with original copy of death certificate, block the card and credit card loan has been waived off and the case terminated.
Harshad Sakpal
03 July 2019 at 18:04
Dear Sir / Mam,
Please suggest me how to register a complain against website developer for cheating and fraud.
One website developer has cheated me on agreement documentation and toked all the developer charges by blackmail me for website, now he is not ready to return the money nether website. Please guide me what to do to inform consumer forum to take strict action against this kind of peoples.
Prakash S. B.
27 June 2019 at 11:04
Sirs,
I am the Secretary of a registered and recognised Trade Union representing the staff employees of a Public Limited Company, the Corporate Debtor, which is indebted to the staff employees. We need an experienced advocate with very good knowledge of laws under the Insolvency & Bankruptcy Act, 2016, to represent our Staff Union in the proceedings before the NCLT, Mumbai. My contact number is 9892665689.
Prakash S. Bankeshwar
Elix
21 June 2019 at 12:47
Dear Experts,
In my appointment letter, the bonus component is mentioned as 20% of basic and is included in the CTC. I have resgined from the job after completion of one year and for the full and final settlement my HR has told me that i will be getting just 8.33% of the bonus. Is this right? Or should i be getting all of the 20%? Are there any rules that govern this aspect?
Your answers will be highly appreciated.
Vishalsingh
20 June 2019 at 23:04
Hi Sir/Madam, need one suggestion. One of my friend was working for one organization since last 4 years and 10 months. He was deployed on client site. Now client has decided to discontinue all contractual services. When this message was sent to his parent organization, parent organization communicated to deployed employees that since they do not have further projects/ clients, so they will be relieved after given date of client from parent organization also(lay-off). My friend requested to his client organization and they have agreed to offer him on roll job but now parent organization is not giving NOC by saying that client should clear all previous payment, 2 months salary of employee and replacement of that employee and most important they should come to his office and request. There is an agreement that no employee can be hired by client within 1 year of leaving the parent organization. We want to go legally in this case. Is there any clause or rule which can help?
Peter Isaac
12 June 2019 at 11:41
Dear Sir
I used to work for an MNC and after quitting the company they filed a case to take money from me due to some clauses in company car lease scheme. I told them to take the car away and that I cannot pay. Finally they agreed and they withdrew the case. However when I checked these records are available online. I want to know how to get this removed from the services.ecourts.gov.in website.This can create a problem when I switch jobs and the background verification team finds it out.
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Promoter fraud of a listed company
Promoter of a listed company on NSE AND BSE has teamed up with a market operator and they have opened multiple accounts with brokers and bought shares in the brokers by paying part margin money . The promoters have sold the shares which were bought in the trading accounts so opened with the brokers.
The brokers are now stuck with shares which they cannot sell . it is organized criminal racket created by the promoter and operator . We want to take appropriate legal action against the promoter and this accomplice . please advice experts