VIJAY K. TEOTIA
11 August 2010 at 21:09
In a personal bank loan to an individual, company is the guarantor and an individual had signed as witness. what is the liability of witness in case there is default in payment. how the bank can recover its dues. what procedure bank has to follow for recovery.
Anonymous
28 July 2010 at 19:56
My mother owns a flat in Mumbai. Hers is the 1st name in share certificate. Agreement with builder was singly in her name. However, in the share certificate she got my fathers name in 2nd place. My father was Chairman of that society.
Recently father died while mother is alive and healthy. She wants to sell the property. Now my sister is claiming share of property stating that as associate member's daughter she has succession right and the property cannot be sold till her share is decided and given.
What is the legal position.
Anonymous
28 July 2010 at 16:23
dear sir
i have take ssi loan of seven lakhs
from canara bank in the year 1990
from then on i could not pay the amount bank has charge me the interest of 27 percentage for every year and the have take drt order i am exparty order please tell know
what is the simply interest
Nehal Ahmed
28 July 2010 at 10:27
Myself and my younger brother purchased a flat after taking loan from a private bank. The bank initially had sanctioned the loan for which we had opted. Later on, the bank asked us to go for an insurance for the loan. Our financial condition was not permitting us to go for the same. This being told to the bank , it suggested us that we will not have to bother for the insurance amount because the bank itself will provide the amount meant for loan insurance. Subsequently, a fresh loan sanction letter was issued by the bank wherein the amount of insurance was also included by the bank. The loan was sanctioned as myself being the main applicant and my younger brother being the co-applicant. Moreover, a loan care insurance certificate was also issued by the insurance co., a subsidiary of the bank in the name of main applicant only.
Unfortunately, my younger brother met with a road accident, suffered severe brain injury and passed away.
The bank was informed about this and a request was made to waive half of the loan amount but the bank refused on the ground that the certificate has been issued in the name of the main applicant only .
In this context, it is also mentionworthy here that in the sanction letter it has been clearly mentioned that the main applicant will get the free accidental insurance of the whole loan amount whereas the insurance certificate was issued in the name of the main applicant. It is also to be mentioned here that no written / verbal consent was given on our part for the insurance being issued in the name of one person only.
Under such circumstances, what can I do. If I can go to the court of law . If yes, please suggest how far it is tenable and how should I proceed.
Thanking you,
Yours,
Nehal
Anonymous
27 July 2010 at 23:31
When a person gives a pro note for Rs.100,000 and attest his signature every three years and at the back of the note by signing that Rs.1000 has been given. Once this person expires and the holder of the pro note appraoch the court directly without intimtaing the legal heirs and attaches the property of the deceased. what to suggest to the legal heirs about the case proceedings. The petitoner had approached the court after two years from the death of the person who had signed the pronote
Anonymous
27 July 2010 at 21:54
Respected Experts,
Do Hon. Justices of any HC keeps the sympathy with Schedule Castes people or does while delivering judgment they favour Schedule Castes people? If it appears from the judgment then what is the remedy available?
Plz. Suggest.
Thanks and regards to all.
Anonymous
27 July 2010 at 18:30
what is the fate of unregistred leased as per stamp act and registration act
Anonymous
27 July 2010 at 18:20
signature & thumb impression on promissorynote how far admissible
Anonymous
27 July 2010 at 11:47
Dear sir,
My grandmom gifted me her house in last year(unconditional gift deed), and i changed eb,house tax to my name. and i applied for E.C in register office and i found that name also has has transfered to my name from the date of gift deed made[ both of them living in same house].
now my grandmom cancelled the gift deed in register office.
My doubts are,
1.if i apply E.C again whose name will be coming? cancellation will be mentioned in that E.C
2.Whether i can able to sell the house at this situation(after cancellation of gift deed)?
3. Wat step shold i take now?
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leaving the company withour serving notice
HI seniors
I am a fresher and have been recruited by an MNC 3 and half month back having no bond and i only received a offer letter from the company in which the salary structure and next grade is mentioned and nothing is mentioned about the notice period.
My HR say that u have to give 3 month notice before leaving the job otherwise legal action will be done against you. So please suggest me regarding the above problem as soon as possible
Your suggestions will be highly appreciated
Thanks and regards