Kvijay12345
17 March 2017 at 21:01
My friend had taken a Home Loan from private bank in 2008. But the bank did not disburse the full sanctioned limit of the loan despite of the several follow ups by the borrower and also the bank did not give any clarification on that front. However the bank charged the EMI, Processing charges etc. on full sanctioned amount of the loan. In fact all the documents including the loan agreement and the loan promisory note inside the agreement were filled in for the full sanctioned amount of the loan despite of the fact that the full sanctioned amount of the loan was never disbursed to the borrower. After one year when the bank still did not disburse the remaining amount of the sanctioned loan the borrower defaulted on that home loan by notifying the bank. Then the notice under SARFAESI act was sent to the borrower which was duly replied by him. He replied that since the full and final sanctioned amount of the loan is not disbursed and the EMI is charged on the full sanctioned amount of the loan, the loan agreement had become null and void due to which bank can not enjoy the benefits of secured creditor. Since then nothing happened till today. I have heard that it is mandatory for the banks to release the full agreement value, otherwise that loan agreement is void and can be termed as breach of the contract.
Recently when the borrower got his CIBIL report it was mentioned that this loan is reported as “Suit Filed and Written off ” by the bank. What does this mean? What legal remedies are available for the borrower to sue the bank ? Is the loan agreement legal? What can the bank do now to recover its loan? What legal measures can the borrower take against the bank?
pushpakrishna
17 March 2017 at 20:45
dear experts
a person excuted his land in favor of his daughter in 1968 and she enjoying the same since the date.the document is on rs.10/- bond stating the same is given with love and affection for seving him.her brother who is miner at that time and later when he became majer also signed on the document as agreed and like one of the witnesses
but later he got mutuated with out her consent in the revenue records but till date she is cultivating the land.
recently she came to know that and asked her brother but bluntly he said that YOU CANT DO ANY THING AND I AM THE OWNER AS PER THE RECORD.
hence advice on this
thanq in advance experts as the document is above 30 years
is it necessary impounding the document as she wants to file a suit for declaration suit.
Dines Bhunia
17 March 2017 at 20:36
The husband dies leaving a property on his name. How does the wife transfers this property in her name and a minor daughter? The property is in a Registered Asssociation of Apartment owners in Kolkata.
What docs Needs to be given to the Association ? Pl.Help.
Viks
17 March 2017 at 19:00
I have been married since Jan 2016 and after 10 months of my marriage i got know that my wife is not mentally stable and she has taken treatment for almost 2 years before marriage. Her parents did not imformed us about it. I consulted 2 doctors and they prescribed Schizophrenia medicines to her. So i decided to get divorce. My wife is at her parents home since dec 2016. What procedure should i fall to get divorce? I have doctors prescription and one audio in which her father accepted about her mental disease and i knows the doctor name with she was consulting before marriage. Thanks in Advance
PRADIP GOHIL
17 March 2017 at 17:10
DEAR SIR,
IS ANY ONE WHO IS LIVING ALONE CAN ADOPT ADULT/MARRIED PERSON FOR THEIR CARE & LEGAL INHERITANCE ? WHAT IS LEGAL FORMALITIES ? PLEASE ADVISE
Neeraj Jha
17 March 2017 at 15:36
Some people fought with my brother and police is not lodging complaint against them, we have MLR report and other supporting docs, now culprits are threatening him to kill, is there any way petition may accept as urgent nature before the magistrate.??
Can you please advise urgent basis.
Thanks for help in advance.
Manav
17 March 2017 at 13:36
What would be the recourse in case a company was started for one project and a loan under CGTMSE was taken to complete it? The project didn't succeed and the loan went bad. Now the bank has claimed insurance and we want to close the company but a charge under ROC has been created by the bank. Please suggest how to go ahead.
Ashish Jha
17 March 2017 at 12:35
Company submitted PF challan in the F.Y. 2012-13 but not reflected into PF passbook.
On EPFO site they already mentioned that due to system upgradation/modificaiton in system Employers/companys' are requested to deposit the same to PF office as per new format.
Company pursue (as told by them) to PF office still those amount not credited into individual's PF Passbook.
Can employee/s take any legal action againt the company/director
Ashish Jha
17 March 2017 at 12:21
Dear All,
This is the story:
An employee resigns and ready to serve 3 month's notice period as per company's policy. All of sudden after completion of two months of notice that employee receives an email (when he was on leave) that after two days he will be relieved from his job and it is management's decision. In this case that emplyee is liable to take his third month's salary and other benefits?
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Regarding notary registered development agreement
Sir i have purchased a resale property in chinchpada kalyan East in 2011 and took a loan from an financial institute now I am transferring my home loan to another bank but they say that the development agreement is notary registered they want a registered development agreement. Please give me solution