Terry DCruz
28 November 2014 at 16:40
Dear Sir(s),
One of the Nationalized Bank has filed a money suit against the borrowers and guarantors; for recovery of loan, praying for attachment of the properties mortgaged with the bank. After the framing of issue bank did not effectively participate in the suit proceedings as a result the suit got dismissed for default. Bank did not even file any restoration petition for last 8 months.
Now after 8 months time the Bank is issuing notice under section 13(2) of Sarfeasi act.
Now the query would be :-
1) Is the 13(2) action is barred by resjudicata?
2) Can the borrower demand cost in counterclaim for filing a frivolous suit by the bank?
Note : The borrower could not repay the loan due to various external factors including change in government policy as a result the business was closed. These facts were suppressed by the bank while filing the suit. After framing of issue they did not come forward to contest the case as such the suit was dismissed for defualt.
Ramesh
28 November 2014 at 16:25
Dear Friends ,
By virtue of Andhra Pradesh state Inam Abolition Act 1955 (Telangana Area), can a Central Government Organisation becomes owner of an Agricultural Land; who has taken this particular land on LEASE from the Inamdar?
The Central Government Organisation says they are the owners, because they are in the position of the land on 1-11-1973 ( the vesting date, as per the above Act.)!
Thanking you ALL expecting an early reply PLEASE. Matter is little URGENT nature Please !
saloni nagar
28 November 2014 at 16:05
my parents forced me to marry with someone without my consent. I don't want to marry. can i file case against my parents? what is the legal procedure for filing a case against forced marriage in India? i am 20 year old girl, please help me..
umesh
28 November 2014 at 15:38
Dear Sir,
I got written email reply from HR stating that "Payment of Gratuity act’ & ‘Company policy’, only the employees who have completed continuous service of 5 years with the organisation will be eligible for payment of gratuity"
Hence, you will not be eligible for payment of gratuity.
Please advice.
1) Section / Under section of gratuity eligible criteria as per new amendment.
2) I am on Notice so I am not taking any action now and wait as you expert guide me.
Thanks
Umesh
8422987774
Vijay Kumar
28 November 2014 at 14:58
Dear Sir,
My father and mother died intestate leaving behind property of 30 scents with house in our native town Kerala. We are three brothers and one sister who are legal heirs of the property and we are living in Mumbai. My one brother and sister has relinquished their rights to above property . Please help me about procedure to follow in getting the above property registered in myself and my brothers name.
You expert advise on the matter is appreciated.
Vishnu Soni
28 November 2014 at 14:49
Dear Sir,
This is a basic query regarding interpretation on section 185 of section 2013. My query is as follows:
A Ltd. is holding company of B Ltd.
B Ltd. is intending to take loan of Rs. 3 Crore from bank. Now the bankers says that we can give loan only if the holding company gives guarantee to bank. On interpretation of section 185(1)(e) it is produced that company can't give guarantee for the loan taken by subsidiary company if borrowing company or MD, BOD or manager is accustomed to act in accordance with direction or instruction of board of directors of lending company.
Sir I want your opinion on this matter.
Kindly resolves it asap.
hoping for your reply sooner.
I'LL be grateful to you for your valuable help.
majid khan
28 November 2014 at 14:11
i have a property in kandivali east mumbai.on the dp remark it says its a non development zone nut there r slums on that property from 1990 and there are sra projects going on in neighboring properties which also comes under same zone.
i want to develop my property under sra scheme too.
how do i go ahead with the development
prbkumar46
28 November 2014 at 14:00
Dear Sirs/Madams
I would like to give my accommodation for rent. Can I have the sample form pl ?
thanks.
prbkumar
amit kumar
28 November 2014 at 13:26
dear sir,
My issue is related to a borrower.He took advance from the bank in the capacity of partnership firm. During continuance of Loan firm was converted to pvt.ltd company. he defaulted and now the loan is NPA. The borrower informed the creditor regarding such conversion but Bank after such conversion did not executed any documents to make company liable. Now Bank wants to initiate proceeding in DRT. issue is against whom bank should file suit..Partnership firm or pvt ltd company.and what complication can arise in future after filing such suit.
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Land title
Dear Experts
I request a little bit of advice from you
My grandfather had purchased some forest land from jamindar 50 years ago
Till the land is in our customer and cultivating. We don't have any papers but have power connection in it for the past 12 years
Shall we apply for ownership title now
Please advice
Thank you all
Indra