Anil Kr Garg
07 April 2014 at 10:33
I have availed a mortgage loan from HDFC Bank. The interest was supposed to be 2% discount over their benchmark prime lending rate which was supposed to be revised according to revision by RBI from time to time. In practice, HDFC Bank increased PLR when RBI increased its repo rate, but did not reduce it when RBI reduced it. Consequently, spread of my effective rate over RBI's rate increased by 3.75% in two years!
I found master-circulars of RBI clearly saying that (i) floating rate loans must not be linked to bank's internal PLR and must always be linked to an external rate, (ii) there must be an enabling clause in loan agreement stating that interest rate will be revised both upwards and downwards in accordance with revision in rate of interest by RBI from time to time, and (iii) (press release) there will be no prepayment charges on floating rate loan products.
Yet, HDFC is flouting all the above requirements.
DRT is not concerned with such issues and cannot order a bank to comply with RBI rules.
I complained to Ombudsman who refused to intervene. Then I complained to Governor, RBI but he refused to intervene as well. I have filed writ in high court including RBI as a party but RBI is not appearing in court.
Pls advise how can we compel RBI to take action against HDFC.
Matter concerns most borrowers and hence, the trouble taken to respond in detail might serve a public interest as well.
Pradeep Kumar
07 April 2014 at 10:28
Hello All,
Already most of the people in this aware of my case.
1.498A DP ACT 4 charge has been filed only on my name.
2.I have moved the petion to the High Court Bangalore Quashing petion along with Intermediate appliaction in the first week of March.Petion is numbered.
3.During our first hering in the lower court we have shown the numberd petion and prayed the lower not proceed for trial then Lower court given next herin in April first week.
4.Now ,almost one month is over still my petion is pending for admission ,even not getting the stay.
5.In the beginning my lawyer was saying that case is not losted due overwork load for Judge.
6.Now he is saying that my in Laws influencing everywhere including Adovacate general and Govenment Lawyer not to arugue the matter that is the reason it is delayed.Is it possible?
7.he said that ,trying his best to get the stay ,government lawyer not filing objection and delaying it ,the matter is not coming for argument.
8.Now my question I have got my herin in lower court in a couple of days still there is no result from High court that means petion is not dismissed and not admittes only at mumbering stage.
9.Still in the Lower can we pray to postpone the trial until getting result from Highcourt.
10.Really am confused that almost one month is over not getting any result positive or negative.
Pls Clarify me the same.
Regards,
pradeep
Bibek Agrawal
07 April 2014 at 10:14
I had booked a flat on 19/02/13 by making a payment of Rs one lakh. after that made 30% payment on 25/04/13. balance 70% on 31/05/13 which in funded by bank. registration of my flat was made on 12/06/13. After one week of registration we started living in this flat. now the builder ask for payment of service tax. Are we liable for payment of service tax?
mala
07 April 2014 at 07:52
Sir
Statement of witness in a departmental inquiry and the same witness gives a different statement in a criminal court. Theepartment takes action on the basis of the statement made by the witness without any evidence whereas the court makes a differet findings on the basis of statement
Whether the statement made before the court is valid and can be used in the department
Member (Account Deleted)
07 April 2014 at 04:23
Sir/ Madam
I was working for a private firm two years back on a contract for 2 yrs.
I had to leave the job in middle due to some personal problems.I gave in my Resignation and paid the bond money but could not pay notice period dues at that time, so the company terminated me.I'm ready to pay the remaining dues to the company but they say that they would not provide me relieving letter .
I wanted to ask that if i'm selected for civil services or any other govt job ,will this termination have a negative effect therein.
Anil Sharma
07 April 2014 at 04:14
I got AB in 498a on condition that I will shift outside my state, as my wife is not willing to stay with me there. I've been given time for six months. And within these six months we will stay in touch via phone or personal meets. I want divorce after so many false allegations. Please guide. She already sent one sms, that she tried to reach me but I don't reply just by giving missed calls.She want me to look for a job near to her parents house. Also in agreement it is mentioned that she will quash 498a only when I accompany her outside my state.
Sashi Kumar
07 April 2014 at 04:14
My Uncle is a NRI and he Own a property in Dehradun since 1985. We recently found out from a real estate broker that somebody is trying to sell his property by producing fake documents such as fake Power of attorney and a fake will. He has not give any power attorney or a will to anyone.
Please advice what steps should we take to avoid this fraud to happen and protect our property from such fraud. What department or authority can we report so we can avoid such fraud to happen.
NIRAV PATEL
06 April 2014 at 22:52
Dear,
Applicant claim in district Consumer court
A- Mental harassment claim Rs.45000/-
B- Other expense Rs.5000/-
C- All below 2,3,4,5 sum of Rs 5,99,000/- to given to builder (12 % interest on Rs 5,99,000/- ) Rs.71880/-
D- House book on date 20/10/2010 and sum disputes to builder and applicant after 1.75yrs and builder money without Present cost of house. Present cost of house is increase Rs.1000000/
E- Total amount is A+B+C+D=Rs11,21,880/-
F- Application date is 22/05/2012
Consumer court gives judgment on above matter
1 Applicant application partially consider and point no-D imaginary so it is cancelled
2 On Rs 1,19,000/- to be pay interest 8% from date 20/10/2010 to date 23/05/2012
3 On Rs 80,000/- to be pay interest 8% from date 22/06/2011 to date 23/05/2012
4 On Rs 4,00,000/- to be pay interest 8% from date 30/07/2011 to date 23/05/2012
5 On Rs 1,19,000/- to be pay interest 8% from date 20/10/2010 to date 23/05/2012
6 Mentally harassment other expense Rs.3000/-
7 Judgment date is 09/05/2013
My question is
 Judgment point no-1 --ïƒ who is proving this matter is imaginary? Applicant or opposite party (builder). Opposite party is give proof to consumer forum. Consumer forum given copy to me or not? If no, which rules is applicable?
 All above point in judgment: ----ïƒ 2,3,4,5 How to calculate interest? Compound interest or simple interest? Simple interest or compound interest is calculated up to which date? Judgment date or application date?
 If opposite party is not paying money after notice received how many days are consider for proposal application (Darkhast Application).which rules is applicable for this.
 In proposal application How to calculate interest? Simple or compound?
Please help in above with related laws and judgment.
Thanks Regards
Nirav Patel
john k
06 April 2014 at 22:25
Extremely sorry for the ignorance sir...! However i would be grateful for answering my query..here it is : Hi sir, i have a query. My father got a gift for being a prisoner of war during indo-pak war from govt. Back in the 80's my father morgaged the property to a relative for rs10000 without having to pay any interest and to be redeemed at any time. My father signed in a blank paper for POA and handed over to the relative only to take care of the property of which till date we never got a copy of it despite repeated requests. Now he is asking 1lakh for us to get back the property at present. Now that my father has passed away, he even claims that My father sold it to him ,He also says he sold it to someone else and even claiming to have all the necessary documents when all the time we the original docs. Your advice in details will be much valued and remembered.
Sincerely John
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Flat being purchased from pap- hutmen sale
Dear Experts,
I need your advice on below:
I have been recently offered to buy a property of the Propject affected person(PAP) under Hutmen sale.
I will be given the following documents:
1) Affifavit
2) Power of attorney from Seller
3) Purcahse and sale agreements from the seller.
4) All the documents from builder like
a) LOI
b) IOD
c) CC
d) OC
e) Convens of Deed of Land.
I need your kind advice on :
1) Can i enter into such purchase deed? is it legally possible?
2) The above documents are sufficent.
3) Any additional Documents
4) any other precaution i should take.
Please reply as bit urgent.
Thanks in advance for your reply.