Corporate fraud and security amount recovery Corporate fraud and security amount recovery

I have deposited security amount of 20 lacs with a company for being a carring and forwarding partner of a Pvt. Ltd. firm against an agreement. Now there is no business given to us by that company sin

2 Response(s)

Posted 1 week ago


A. Dear Sir,
It is very difficult if you go in civil way. Better register FIR saying that it was a clear cheating case and thus you may recover the amount and atleast may get post dated cheque.

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Arbitration - Finance company do agreement by fraud Arbitration - Finance company do agreement by fraud

Finance company do agreement by fraud and file arbitration case due to covid 19 i can not present and they has passed ex-party award.what can i do

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Posted 1 week ago


A. Dear client, in my humble suggestion, you should approach the Court in order to put forth your contention.

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Arbitration Act - a new arbitrator is appointed Arbitration Act - a new arbitrator is appointed

if the current Arbitrator is removed and a new arbitrator is appointed , the question is from which point the new Arbitrator will resume the proceedings ?

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Posted 1 month ago


A. The same rules shall be followed in appointing a substitute arbitrator which were applicable to the appointment of the arbitrator being replaced. Where an arbitrator is replaced, any hearing previously held may be repeated at the discretion of the arbitral tribunal, unless otherwise agreed by the parties. However, it is provided that an order or ruling of the arbitral tribunal made prior to the replacement of an arbitrator shall not be invalid solely because there has been a change in the compos ...ReadMore

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NBFC loan - amount Rs65000 NBFC loan - amount Rs65000

I had taken loan from NBFC amount Rs65000, i have made two repayments. Unfortunately, due to some unavoidable reasons I am unable to make repayment. They have given me a legal notice saying that they

1 Response(s)

Posted 2 months ago


A. Dear Sir,
Yes, many banking institutions wontedly initiative Arbitration proceedings in a City which is far away from barrowers place. Better to settle the amount or form a union of similar victims and fight unanimously.

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Arbitration issue - Dispute settled between claimant Arbitration issue - Dispute settled between claimant

Dispute settled between claimant and respondent. NOC issued by the claimant to respondent. However, the arbitrator without taking cognisance of the NOC, passed an award decree order directing to make

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Posted 4 months ago


A. Dear Sir,
You have to take the matter to the Civil Court to get the award set aside since NOC was issued by the claimant and in view of such NOC award cannot be executed.

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Harrassment by the secretary of society. Harrassment by the secretary of society.

In April 2014, we started the reconstruction of our house which was completed in December 2014. Till completion, no objection was raised by the Society Committee. In late December 2014, the society i

2 Response(s)

Posted 5 months ago


A. Dear Client,

You may file and complaint against the society association for harassment and save all the evidence you have against them to produce in front of the court.

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Sole Arbitrator passed an Ex-parte Award Sole Arbitrator passed an Ex-parte Award

I have two queries here. First background, I had credit card dues (Lost job and inability to pay back with no assets to sell) for which bank took arbitration recourse and appointed sole arbitrator in

2 Response(s)

Posted 8 months ago


A. Hi,

The most important factor in deciding whether or not to challenge an arbitration award is whether or not the arbitration decision is binding. If the arbitration is ineffective and non-binding, any party or parties may appeal the award without a reasonable basis for doing so. However, if the Arbitration is binding, then you must have a compelling reason to challenge the award. Section 34 (2) (a) lays down grounds for setting aside arbitration award:
1.A party is under some incapacity.
2.The ...ReadMore

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Arbitration for Credit Card recovery Arbitration for Credit Card recovery

If a Bank decides to opt for Arbitration to reclaim Credit Card dues which have gone NPA, does the arbitration tribunal or arbitrator need to consider only if there is dispute on the amount due or do

1 Response(s)

Posted 9 months ago


A. Dear Clinet,
The arbitration tribunal will allow you to present your case and put forward all that you want to say and communicate. They will hear all your pleas and then only they will decide on the award. But in all possibility they will not let you not pay the amount. They will make an award that you are to pay that amount. How to pay will be left open to you.

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Credit Card dues Recovery - Legal Notice for Arbitration Credit Card dues Recovery - Legal Notice for Arbitration

in 2018, My Business shut down and I ended up piling Credit Card Debt trying to revive it. I got a Job in 2019 May but ended up emptying my savings trying make minimum payment on card. I had mailed th

1 Response(s)

Posted 9 months ago


A. Dear Client,
One thing is to be kept in mind that loan or credit card is something which means we have taken money from a bank and used it for ourselves and then when the bank wants it back we have to return it as it is their money. In your case you do not have much options but to cooperate with the bank and also communicate with the bank to cooperate with you. Tell them that you will pay them in small amount once you are in job.

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Provident Fund Claim-I was a employee of a Private Limited company Provident Fund Claim-I was a employee of a Private Limited company

I was a employee of a Private Limited company Mumbai Based Head Office but still now Company is not giving clearance of PF by not updating my details in PF Portal like Date of Joining, Date of Leaving

2 Response(s)

Posted 10 months ago


A. Send them a legal notice first through a lawyer then followed by a legal case against them. They are committing a big blunder by not updating your PF details as that is a statutory requirement for every employer to do so and they can be penalized for not doing so.

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