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Rupendra Porwal   04 June 2015 at 14:09

Mortgage of a property

Dear Friends,

One of our client has availed loan of Rs. 2 Cr from the bank and extended securities to the bank.

Further client has acquired second assets for Rs. 2 cr. The new assets has been mortgaged agaisnt car loan of Rs. 40 lakh with SAME BANK WHERE FROM LOAN OF RS. 2 CR OBTAINED.

NOW QUERIES:

Can excess security of Rs. 1.60 be used for availing additional loan?

What documents shall be executed for availing additional loan facilities?

Any other suggestion.

Rupendra Porwal
Advocate
Lucknow-98385 97775

sheela   04 June 2015 at 13:42

Winding up

A registered company dealing with investment from public closed abruptly in 2010. A creditor of that company wants to file a petition for winding up of the company before Delhi HC. Can he do it. What is limitation period in such cases.

Parikshit   04 June 2015 at 13:07

healthcare business

What all licenses are required to start a healthcare business......permissions and compliance required for the same

rahul   04 June 2015 at 13:06

Power of court to condone the delay

Hi Members,

There is no provision in the limitation act to condone the delay in filling of suit.

But if Plaintiff is prevented by uncontrollable circumstances from filling suit in time, then can Didstrict Civil court condoned the delay in filling of suit on application u/s 151 of CPC ?

Parikshit   04 June 2015 at 13:04

lunatic

How to declare a person lunatic.....whether to file a petition.....which court has jurisdiction..... Which book/act one should refer to

Dalip Singh   04 June 2015 at 12:58

Death of proprietor of a firm

Proprietor of a firm died. Firm had been availing term loan from the bank against security of moveable and immovable properties. After the death of proprietor, the surviving members are - wife, married daughter, two unmarried daughter and two minor sons. None of the LRs coming forward to operate the term loan account and the account has become NPA. A suit is to be filed against the proprietory firm but after the death of proprietor there is no firm. How to implead the firm as party when no LR is coming forward to take the liability.

Rasheedkhan   04 June 2015 at 11:59

Stay at high court

Dear Sir, CMA ordered on 10 March 2014 at Sub court, Judgment copy delivered 16 July 2014. Restored at District Munsif Court on 04 June 2015. Opposite party informed to District Munsif court we made appeal to High court till date not showing stay order or case number. My question no. 1, is District Munsif will conduct enquiry or?. question no. 2, Judgment delivered 16 July 2014, opposite party should submit condolence of delay to high court for late petition or? Thanks and Best Regards, Sincerely yours, Rasheedkhan K.

amit kumar singh   04 June 2015 at 11:27

Bonus

if as a principal employer i want to give bonus to security guards( both armed and unarmed with salary basic + VDA is 11,024 and 10,010/- respectively ) and mentioned the same in my financial bid, five firms have quoted the same service charge i.e. 2 %, now out of these five firms one has not included bonus as part of pay and is contesting to be declared as L-1, where in other firms have quoted bonus also.
Can this be a ground for being L-1???
Please advise
I am part of tender committee in my bank and responsible for this security tender

jeevan   04 June 2015 at 10:35

Buying agriculture land in karnataka ( with family background)

Dear experts,

i will be happy if you can guide me on this query.

I intend to buy 2 acre agricultural land in Karnataka. But I am working in an IT firm and filing IT returns and my income is more than 2 lacks .

Also I know that in Karnataka , there is a law that non agriculturist cannot buy agri land .

There are two scenarios

1.I am from Karnataka, and my parents/grandparents are all from Karnataka , and my grandfather had 3 acres agricultural land on his name till 1994, and then he sold that land. Will I get benefit from this history to buy an agricultural land now in my name?

2.I am also married, and my spouse family ( father – in law) is an agriculturist and he has 1 acre of agricultural land in his name at present , will I get benefit from this one to buy an agricultural land now in my name?

Thanks for your feedback in advance!

srinivasan J   04 June 2015 at 09:54

Deductions towards loans

dear sir
I was suspended of 25 06 2011
was in jail till October 2012
company started paying me suspension allowance for first 6 months up to april 2013 at 50 % rate
from april 2013 to april 2014 nothing was paid due to non fulfilling by me the condition put with the suspension order amendment in respect of place of head quarter

from april 2014 to july 2014 at 25 percent i was paid

from july 2014 to january 2015 at the rate of 50 % AND FROM JANUARY 2015 IT HAS BEEN increased to 75 percent . This increase order has come on 20.5.2015

The company while calculating the arrears against the amendment order by which it has been increased to 25 to 50 to 75, the recoveries towards my repayment of loan like carloan, education loan,etc., has been effected with effect from date of suspension.

that is the company recovered the loans from 25th june 2011, the day of suspension.

is the companies action in respect of recoveries is correct. I did not get any salary from 25.6.2011 to october 2012 and again from april 2013 to april 2014.

I need suggestions please. I am unable to come to any conclusion.