Rajendra K Goyal 's Expert Profile

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Akshat Singh says : Document requried by NRI wants to rent a flat
We are from Brazil and we are shifting to Mumbai next month. We are looking for a flat at Powai area and we saw some on your website. What are the requirements in terms of documentation for renting a flat? Do we need to get the residential permit first or can we get it later after renting the flat?

Member (Account Deleted) says : Urgent help needed sir
My father is a retired senior PSU executive who applied for a reverse mortgage loan with IDBI Ltd. As on date their is nothing outstanding on the property except the current ongoing home loan with HDFC.As discussed with the IDBI bank people it was assured that bank would clear off the remaining outstanding in the name of the property to be mortgaged with the sanctioned RML Amount.All the legal and technical(valuation) was done at my father's cost satisfactorily. Unfortunately now the bank people say that his cibil investigation shows some delay in payment of EMI'S Which makes the asset stressed and disqualified for RML. The questions which are bothering me are- 1)He was never a defaulter of any financial lending institution. 2)Apart from certain delays in payment of EMI's in respect of the home loan due to stressed finances at his end, its still paid regularly and the asset is not in NPA category. 3)There are no outstanding dues against the property. 4) As understood & discussed with professionals, the “Reverse Mortgage loan “ is not to be treated as a normal Loan against Property where EMI credibility/ Credit worthiness of the borrower is to be ascertained by the bank thru CIBIL report investigations. Here the property is reverse mortgaged to the bank by the beneficiary (Sr. Citizen) who has no source to finance his pressing family needs. I have even studied the National Housing Bank (NHB) guidelines for RML. I understand that CIBIL score has no role to play in this case as the borrower opts for this only when he has no means of earning for meeting EMI burden. The question of credibility limits only to the extent that the deed is clear . As far as I understand the basic intention with which the Government of India launched this “RML Product” under the National Housing Bank Guidelines ,was with the prime motive of helping the aged and the needy senior citizens to lead a life of dignity in their golden years of life when they have no one to support and no source of stable income left, thereby utilizing the equity of their self- owned and occupied residential property to come to their rescue. It’s not a regular home loan transfer from one bank to another bank or a equity based mortgage where the borrower has to pay regular monthly installments to the bank, that the question of my father's residential property being called a ‘stressed asset” comes in to picture. Here the borrower throughout his life doesn’t have to service the loan and hence requirement of seeing past credit history has no relevance at all. I would be grateful if you can guide me thru...and advice me appropriately that what he can do to claim his justified right of getting the loan. Regds Rashmi Upadhyaya LL.B (Final Yr) CS (Executive) email: rush4uonly@yahoo.com

RJ says : Regarding Relieving\experience letter
Hi My company is not issuing me relieving/experience letter they are asking me to submit my original passport for checking purpose they want to check all visa/ICT/WP status because they do not keep employee records though my work permit is already expired in January. I have served full two months notice period and my manager has also relieved me in my exit form and all the clearance is done except Travel & HR department, Proper handover is also done i have all these proofs. When i was onsite i have applied my own permit and once got it came back here to resign from this company. Kindly advise... Thanks & Regards,

venkata pavan says : written argument
Dear Sir, My case is a writ in AP High court reg invocation of already discharged BGs. The oral arguments concluded on 23-4-14. Summer vacation has started wef 30th. Judgement reserved and likely to be delivered in June after vacation. When I discussed with my advocate on the possibility of filing written arguments,he says there is no such possibility. He says he has not seen a single such case in his 15 years standing. Can you kindly indicate any authority in the issue. Further, my advocate is adement and says he will give no objection and if I want to file written arguments, I should engage another lawer. Kindly, advise.

Kaushik Nandy says : Tenant Eviction
Ejection suit won by me in 2007, now in execution petition for police help, tenant is dozing the attendance by producing medical certificate, by saying that his lawyer has misguided him and hence wants to change lawyer and in that way seeking restoration petition although H.C has given warning for three times, to him that in case of further absence or other reasons for delay final ex party decree will be given. SO what is the way out.

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