Dear friends,
Bank has moved under securitization act, against a bad debt for recovery. When the matter is at the stage of auction, CTO has sent a notie to Bank by informing their dues along with penality.
My question is CTO has a right to move against party for recovery of dues along with penality, but when Bank holds 1st charge over the said property, then can CTO can claim penality from the Bank or not. As of my knowledge CTO can claim Dues only but not penality.
Please resolve and give ciations if any!
Thanking you sir
Hello! How r u everybody?
Here is the query
The gentleman has acquired the property by the partition of his ancestral property. The said Property consists of numbers of Plots. The said Gentleman had sold his 6 plots to one party ‘A” in 1992 and the same plots sold by the party’A’ i.e37,38,39 and 53,54,55 to our client in 1995 out of 6 plots,4plots were(37,38,54,55) sold by our client to other party in 2006. Because of some financial difficulties our client could not construct any structure on the remaining 2(39,53) plots. Our client applied for Lay out plan for the said plots and realized that the Description of the property and the situation of the property were not as per the Deed. Meanwhile these said plots are occupied illegally by the friends of the original owner by his (original owner) consent. Our client has requested solution from the original owner but he is not giving any response. The original owner suggested our client for alternate plots i.e 21, 26 and my client get executed Power of attorney and agreement to sale (notarized only) for both the plots in favor of him. When our client started some activities on the alternate plots the one builder informed our client that the said plots are already sold to him . V checked recently 7/12 and Index –II also Plots no.39 and 53 are in the name of our client, and plots no.21,26 are in the names of some parties(sale deed executed in 1982 yet to be confirm for the revenue records) .Our client issued notice to original owner dt 3/11/2004 and also approached to the Collector of the District for the said problem and because of this our client could sold above said plots(37,38,55,54) in January2006 .
Would u please give us suggestions and Guidance under which law v hv to proceed? Can it come under the law of consumer Protection act? Civil or Criminal proceedings Plz…
Thanx for giving ur valuable time.
RHM, NJP, HDM, RMH
Dear Sir/Madam,
Where to find the complete set of Educational Trust laws. I'm not a law student. We are running a Educational trust for 25years, presently the trust was running by receiver due to disputes between the partners. The case was sunning for more than 10years. Can anybody help on this items to settle the cases as soon as possible. Or if you want more details about the previous case history for better clarification, i can furnish.
Please Guide Me with any supreme Court /Highcourt ciatation/Judgements on following Problem.
I received Cheque of Rs. 5 Lacs against a registered sale Deed of My Plot.That was Post dated cheque when deed was exicuted.The Party given me Rs. 3 Lacs and asked me not to deposit till fifteen daysand he will pay balance within 15 days. But unfortunately He has not paid Rs. 2 Lacs. after 15 days I deposited Cheque wich was return with remark " payment Stopped".
I issued notice to him but did not ansered the same. I filed 138 Case against him.
Now he has taken the stand he is only dues Rs.2 Lacs but I have deposited cheque of Rs. 5 lacs and the case should be dismissed.
Please reply me is there any solution to this?what?
Dhavalchandra Doshi
is it not possible to dispense with the personal appearance of the parties in family courts at every date of hearing except when the case is posted for the evidence of the respective party?
Sirs,
Recently High Court of Andhra Pradesh stuck down the Entry Tax on Entry of Goods into Local Areas Act, 2001 imposed by the Govt. of Andhra Pradesh in the case of Shree Rayalaseema
and also
High Court of Jharkhand has stuck down imposition of Entry Tax on goods entering into local area (the tax charged by State govt. of Jharkhand) in the case of Tata Steel Ltd. vs. State of Jharkhand.
I understand in both the cases the respective State Governments have filed S.L.P. in Supreme court.
Can learned friends guide me with the present status where the S.L.Ps are admitted by the S.C. or any stay is granted by S.C.
Regards.
V.V.Satyanarayana
Sir, Can u plz elaborate the benefits available to the holding Company. Plz. Tq.
Dear Experts,
What is the rate of tax for coconut husk under KVAT Law
Kindly give the reference also.
Thanks & Regards
Limitation
REspected Seniors,
Whether the unregistered payment endorsement in a registered mortgage deed extends the limitation after lapses of 12 years or not ?