Member (Account Deleted)
25 March 2009 at 23:46
my client had taken a Home loan from PNB of Rs.300000/- for 20yr term.
He repaid installments regularly for 1 yr and then due to some financial crisis he failed to pay a total 8 installments. but never failed to pay two installment consecutively,, that means he paid in jan then did not paid feb and again paid march installment .. and so on..
In this way he did not paid a total of 8 installment of total 24000/- (3000x8).
after that he again repaying regularly for last 4 months.
Now the bank manager have sent him a notice that his loan has become NPA and if he fails to repay the sum of 27000/- within 7 days the bank will proceed to sale the property.
My question is as he never failed to repay three consecutive installments how the loan can become NPA?
What action should be taken by him?;Is it possible for a term loan to be NPA if three consecutive installments are not failed???
Trilok Singh Negi
25 March 2009 at 16:02
we are a freight forwarding co. we have imported goods on behalf of our customer from Hongkong.The goods were moved frm Hongkong city to hongkong airport by the local agent. Do we have to charge service
tax on the ex works charges or not because services are provided not in India but in Hongkong.Is there any circular for the same. Please let me Know
My e mail id is trilok_negi97@rediffmail.com
Prasanna
25 March 2009 at 15:52
what is the procedure to use the residential land (House constructed) for temple. The temple is to be constructed by the land owners of that residential land. suggest a remedy that results in least cash outflow? Should it be registered again in the name of temple trust paying stamp duty? Take into consideration Tax effects and also property registration rules/act. Pl explain in detail. Pl help me out in this issue
Member (Account Deleted)
25 March 2009 at 13:48
in a case the self acquired property of father is a land along with building. During the lifetime of the father he purchased the land in his wifes name. She (wife)was house wife. Mutation and muniticipalty taxes comes in the name of wife. Hence everything, related to the property is in wifes name. But she had no means of earning.
now after the death of the father the mother wants to sell the land with building mainly to deprive her daughter. whether daughter has any claim ? (there is only one son one daughter)
can daughter restrain the mother from selling the property?
imthiyaz
25 March 2009 at 13:17
Repeating the queston with details
After preliminary decree before filing final decree petition, one of the decree holder A who was a 3rd plaintiff in the decree died ,
The decree holder A had 3 childrens B the son c and D the daughters, the son B had predeceased the decree holder A with 3 childrens G,H,I,,
while filing final decree petition the legal heirs of the decree holder A, were brought on record, but by mistake the legal heirs G,H,I of predeceased son B were brought on record along with their aunts C and D,
As per Mohameddan law Orphaned grandchildrens are not entitle for any share in their grandparents property, and hence we have objected in pending final decree proceedinds to strike out the legal heris G,H,I of predeceased son B.
But the judge is arguing that in Final decree proceedings only the shares as per decree will be divide addition and deletion as per personal law is not possible etc etc, But we know Final decree proceedings is continuation of original suite and hence
anything can be done in final decree proceedings,
Hence in need of citation where legal heirs not entitle for share are striked out in Final decree proceeddings..
Yes the persons will not get the share even if they are on record, since they are on record from past 10 years we want to strike out them before the closure of final decree proceedings, for which the court is arguing it cannot be done etc etc
Thanks
Sukhija
25 March 2009 at 12:55
Hi
1. I want to know that if an account is in the name of a person as e.g. " Gandhi, HUF", then can a person in his individual capacity as Gandhi file a complaint u/s138? The payee will be " Gandhi, HUF", rt? not only Gandhi?
2. If Gandhi, HUF is not named as the complainant then can it be said that complaintant Mr. Gandhi has no locus standii to file complaint? what are the chances of acquittal for accused?
3. Can anyone provide citation to help accused?
Regards.
Sukhija
25 March 2009 at 12:54
Hi
1. I want to know that if an account is in the name of a person as e.g. " Gandhi, HUF", then can a person in his individual capacity as Gandhi file a complaint u/s138? The payee will be " Gandhi, HUF", rt? not only Gandhi?
2. If Gandhi, HUF is not named as the complainant then can it be said that complaintant Mr. Gandhi has no locus standii to file complaint? what are the chances of acquittal for accused?
3. Can anyone provide citation to help accused?
Regards.
Sukhija
25 March 2009 at 12:53
Hi
1. I want to know that if an account is in the name of a person as e.g. " Gandhi, HUF", then can a person in his individual capacity as Gandhi file a complaint u/s138? The payee will be " Gandhi, HUF", rt? not only Gandhi?
2. If Gandhi, HUF is not named as the complainant then can it be said that complaintant Mr. Gandhi has no locus standii to file complaint? what are the chances of acquittal for accused?
3. Can anyone provide citation to help accused?
Regards.
Jainodin shaikh
25 March 2009 at 12:37
What is the enforcement date for The Criminal Procedure (Amendment) Acth 2008?
Can anybody please clear today's possition of this new amendments?
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KYC DOCUMENTS
A banker has refused to sanction my loan due to following reasons.
1.my spouses name was saranya.g before marriage and after marriage her name was changed to saranya kumar ie.my name was added to her name ( as there is no proof for name change)
can u pls tell me the other alternative? also pls explain in detail the KYC norms of RBI/Banks.
regds,
s.kumar