Associate R
09 December 2008 at 13:07
Respected Experts,
Please guide me as to what is the remedy available to a Gurantor if any case is filed against him/her for recovery of loan amount in case of default by principal borrower?
Again what remedy is available to the Guarantor against the Principal Borrower if he defaults the payment?
PRAGYA ROHATGI
09 December 2008 at 11:28
Our Company has lend Rs 25Cr to other corporate entity. The company whom we lend the amount was in resturant business , due to heavy losses the company is planning to close business operations and our amount of Rs 25Cr along with interest is still receivable .
We are in very critical position as we have no other option but to sue the company under civil procedure which shall again taken very long time .
Some lawyer is suggesting that if we can negotiate with the company whom we have lend the amount
To take over the present business along with its trademark etc through any demerger process .
Kindly suggest if the deal can be done should we plan to lake over the demerged business and settle the issue .
Also please suggest any lawyers contact no to whom we can contact regarding this issue
With regards
Sandeep Rohatgi
Mobile 09868705794
PRAGYA ROHATGI
09 December 2008 at 11:27
Our Company has lend Rs 25Cr to other corporate entity. The company whom we lend the amount was in resturant business , due to heavy losses the company is planning to close business operations and our amount of Rs 25Cr along with interest is still receivable .
We are in very critical position as we have no other option but to sue the company under civil procedure which shall again taken very long time .
Some lawyer is suggesting that if we can negotiate with the company whom we have lend the amount
To take over the present business along with its trademark etc through any demerger process .
Kindly suggest if the deal can be done should we plan to lake over the demerged business and settle the issue .
Also please suggest any lawyers contact no to whom we can contact regarding this issue
With regards
Sandeep Rohatgi
Mobile 09868705794
PRAGYA ROHATGI
09 December 2008 at 11:27
Our Company has lend Rs 25Cr to other corporate entity. The company whom we lend the amount was in resturant business , due to heavy losses the company is planning to close business operations and our amount of Rs 25Cr along with interest is still receivable .
We are in very critical position as we have no other option but to sue the company under civil procedure which shall again taken very long time .
Some lawyer is suggesting that if we can negotiate with the company whom we have lend the amount
To take over the present business along with its trademark etc through any demerger process .
Kindly suggest if the deal can be done should we plan to lake over the demerged business and settle the issue .
Also please suggest any lawyers contact no to whom we can contact regarding this issue
With regards
Sandeep Rohatgi
Mobile 09868705794
vidya sagar
08 December 2008 at 22:00
i have filed a counter affidavit wherein i have omitted a para.. now i want to amend it. can a counter affidavit amended under order 6 rule 17 of c.p.c ?
rajendra
08 December 2008 at 18:15
Can there be a partial decree passed by the court invoking powers under Order 23 rule 3 of C.P.C - Plaintiffs, Defendants (The family members) can they seek for partial decree to jointly sell one of the items of the schedule properties to the plaint to a third party and continue to fight against other properties ?
bhagwant
08 December 2008 at 10:09
Bombay Highcourt-Nagpur Bench has delivered judgment about candidates who done M-Phil are exempted from NET CET exams. Can any body provide detail information about it, writ No., date of decesion are welcome.
Thanx
mohan Rao
06 December 2008 at 20:05
Hi to all,
I have come across a case where a party to suit pending at Small causes court mumbai, under rent act was deceived by his opponent and due to this he signed excuted consent terms and allowed the passing of the consent decree aginst him. Now he wnts to chlalnge the consent decree to which he was the consenting Party. can he do so/ if Yes what is the remedy available to him ? which will be the appropriate forum?
Thanx N Regards
kumar sachin
06 December 2008 at 16:06
can the witness of one defendant be cross examined by another defendant.
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AP revenue matter
the subject is that since last 50 years we are tenants upon the agricultural land and one mallaiah is an pattadar which is called land lord and all the revenue proceedings were issued in favor of tenant and pass book also issued in favor of tenant and the tenant also sold away the said property to the third parties and now the land lord son is claiming that the proerty is themselves and he filed a case at RDO againist tenants for the rectification of entries. and what is the position of the tenants.