Jay Shah
01 September 2020 at 21:33
We were enjoying cash credit limit from axis bank since 2017 and now on 15 august 2020 it was due for renewal but now we don't want to renew the limit and close the limit , we have already paid all the dues . We have ask bank for closer of limit in reply they are asking for foreclosure charges I want to know can they ask for any charges as at time of renewal we asking closer and not in between of the limit and we paid all payment by own fund and there is no take over of limit And bank is not giving proper reply and keep on delaying So what should I do and are they liable for any foreclosure charged Please guide me
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Jay Shah
01 September 2020 at 21:30
We were enjoying cash credit limit from axis bank since 2017 and now on 15 august 2020 it was due for renewal but now we don't want to renew the limit and close the limit , we have already paid all the dues . We have ask bank for closer of limit in reply they are asking for foreclosure charges
I want to know can they ask for any charges as at time of renewal we asking closer and not in between of the limit and we paid all payment by own fund and there is no take over of limit
And bank is not giving proper reply and keep on delaying
So what should I do and are they liable for any foreclosure charged
Please guide me
Priti
01 September 2020 at 20:39
Dear Experts
I baught an NPA property in an auction under SARFAESI ACT in 2017. Bank auctioned property on symbolic possession basis. I still have not get physical possession and case is in DRT. Now after 3 years, bank is feeling case can be dismissed against him due to non compliance of procedure. Bank published auction in two newspapers, sent sale notice, affixed symbolic possession notice on prominent part of property. but they did not serve 13 (4) notice by registered post. Now court has asked bank to show compliance. My question is.....what if bank is defeated. bank will go to DRAT or will do re-auction of property . My 2nd question is as a buyer how much interest i should be paid by bank if money is returned to me. is auction buyer have any rights or can take any action against bank for not providing physical possession.
thanks & regards
James
01 September 2020 at 18:51
Respected Experts please guide me
My Unmarried Aunty ( Dad's Sister) died in the year 2017,She was living with her cousin at the time of death. She owned a house (self acquired) in a Co-op Hsg. Soc. Ltd. and currently the house has been let out to tenants by my aunt just before her death. After the demise of my aunt I approached the society and met the secretary for the transfer process of my aunt's flat, she told me that after discussing with the chairman of the society she will get back to me, but since I never received any kind of response from her end I approached her again and then she tells me that the society does not recognize me and will not entertain me and will transfer the flat to a person whom they know. So I requested her what documents will be required to prove the relationship between me and my aunt. She just slams the door and doesn't even answer my call or even reply to my messages.
Please guide me on what document would be required to prove the relationship between my aunty and me and whom should I approach to complete the transfer procedure and approximately how much time it would take for the transfer procedure
Awaiting you advice
Ajay Kumar
01 September 2020 at 17:51
Sir What is the procedure if a person has transferred the possession of property through notarised document. and the property is a domestice residential land property where he is living from the past 40 years and wants to regularize that land on his name?
Pls suggest what are the legal options available, Construction of House already done but he wants the land to be regularized and ready to pay the Prescribed Property Tax and other Fee to the Government
Anonymous
01 September 2020 at 14:45
Sir in my X class result of CBSE board my name is Devesh KM Pandey but in all my document and in Aadhaar card it is written Devesh Kumar Pandey. Is it correct or not
Anonymous
01 September 2020 at 09:16
ABC Ltd. took loan worth Rs. 50 crores from bank against mortgage of property worth Rs. 100 crore. Company failed to repay the loan and interest. Bank issued notice under Sarfaesi Act and fixed a date. Company did not adhere to it. Bank has again issued a notice under the above Act and fixed a date which is yet to come. Company while sending annual results ended March and quaterly results ended June to the stock exchanges did not include above information in the results nor auditors were informed about above notices so they did not mention it in their report.
If a shareholder brings the above information to the knowledge of stock exchanges what action they can take against the company.
Anonymous
01 September 2020 at 08:56
If I somehow manage to complete a regular degree alongside my GDS job (Government Job) and later get a job which requires this new degree. In this instance can I resign from the previous job and join the new job? And will I be asked any questions regarding the degree, from my new employer ? And also will I be requiring a NOC ?
elango.parameswaran
01 September 2020 at 08:16
Dear Sirs,
I am living in a108 units apartment in Chennai. it s registered under Societies Registration act of TN with no 529of 2014.My son is the legal owner.he has authorized me to represent on all matters relating to Apartment Association. In fact, I am the founder President of the Association.
I am regularly paying maintenance charges & other charges if any without any default.in 2018-19 we decided to repaint the entire building. Association collected nearly Rs.50.00 lakhs for this, apart from regular maintenance. the painting& other major work completed in 2019-20.In the meanwhile, Association collected Rs.5k from all due to water charges due to water scarcity.
I used to comment in Association Whatsapp group that accounts should be transparent, & president should notify receipt vs payment for water charges collected. I was replied that accounts wiilbe shown in AGM.
Since, I have some doubts on the genuinity of expenditure, & doubts that there was no proper bills and vendors were paid in cash more than Rs.20k, I raised disputes with the present team of Association. I gave a list of queries to them,which they acknowledged. one week later, they informed all the information relates to the previous president and suggested to give a letter to him. so I sent a letter with 15 points including mode of payments to vendors, bills etc and detailed breakup expenditure for major works. the previous president refused to receive my courier post. it was returned to me as party refused. but i saw him with the cover in his hand & discussing with his supporters. I think it is deemed to have been received.
Hence, I requested the present president to ask his predecessor to show me the records in as is where condition. nothing happened. instead, they started reconciliation talks and informed all my points will be answeredin AGM on 27.9.20.they also pressure me to leave this as past is past.
in meanwhile the previous team, target me and spread unwanted rumours to spoil my reputation. they have decided to defame me in the AGM, I heard.
the previous team slaughtered 2 well grown trees i planted in memory of my retirement. when asked, it was not intentional but to avoid damage to compound wall, trees were cut. but trees more talker than mne were not cut.
the entire Association is against me and humiliating me for raising dispute on the correctness of Account
kindly advise as to how should i take the matter ahead. can i initiate Amy legal proceedings, can i contact association Auditor to clarify my points
please help me Experts.
thanks
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Bank asking forecloser charges
We were enjoying cash credit limit from axis bank since 2017 and now on 15 august 2020 it was due for renewal but now we don't want to renew the limit and close the limit , we have already paid all the dues . We have ask bank for closer of limit in reply they are asking for foreclosure charges I want to know can they ask for any charges as at time of renewal we asking closer and not in between of the limit and we paid all payment by own fund and there is no take over of limit And bank is not giving proper reply and keep on delaying So what should I do and are they liable for any foreclosure charged Please guide me
Read more at: https://www.lawyersclubindia.com/experts/ask_query.asp