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Kindly Consider this query as I know a person who's willing to Deposit the documents his property worth 30 Crore in Escrow account[not taking loan] & there'll be a Contract Agreement with conditions...

A. what is role of that person and this person in business ?
where is investment ?

you are talking abt property worth 30 crore and can not approach a lawyer.

want to do business and wasting time in these type of questions then there will be loss only but not because of that person.


Advocate Ankur Goel
(Complete Law Shield) #YourLifeYourChoice
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I know a person who's willing to give his property worth 30 Crore as collateral in Escrow account, & there'll be a Contract Agreement with conditions of situation- when I'll get right to own his prope...

A. Question.1
Is it Possible the same way ? OR any other way[ name it]?
A: In ESCROW Account the fixed share of money will only come to your account depending on what has been written in the ESCROW account agreement.
Question.2
If Situation mentioned in Contract Arises, Will i get property ? OR Money ?
Is anything from Both, possible ?
A: Eg - If the property is worth Rs. 30Cr as you said ad you ESCROW agreement is in 60:40 basis then by default if the loan is sanctioned for 30 Cr then 18Cr and 12C ...ReadMore
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Suraj  Kumar
Suraj Kumar Experience: 22 Year(s) Lucknow
Hi, My father had taken a home loan from SBI and returned it in full amount but bank has lost the original conveyance deed. I filed a complaint in RBI and they asked sbi to pay Rs 50000 which I think...

A. duplicate copy from registrar office which is as good as original.
it along with RBI letter, SBI letter is good enough.

but if you want then you can definitely approach consumer court.


Advocate Ankur Goel
(Complete Law Shield) #YourLifeYourChoice
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Adv. Sarika  Khude
Adv. Sarika Khude Experience: 7 Year(s) Pune
ANISH  PALKAR
ANISH PALKAR Experience: 14 Year(s) Mumbai suburban
Advocate  Anik
Advocate Anik Experience: 11 Year(s) Bangalore
ask_a_question

Anonymous

Posted 2 weeks ago

I have taken my education loan from State bank, Palappetty, Malappuram , Kerala, on 2009, with amount of 225000/- rs and until 24th March 2021 and I have paid around 32,3755/-. Also, along with gov su...

A. Hi,
You can apply for more time. Or you can give collateral security to the bank.
The court cannot cancel the rest amount as it'll be unfair to the second party.

If you like my answer, please give a good review.
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I had obtained an education loan from Bank of India. Since my father's income is less I was eligible for education loan interest subsidy till the moratorium period under the central sector scheme for...
ask_a_question

Anonymous

Posted 2 weeks ago

I have given a cheque of 2 lakh to a real estate firm for booking of a plot.later I decided not to take the plot and I informed the same to that real estate firm.they accepted it and I cancelled the c...

A. Hi,
Since it has crossed 90 days, the validity has lapsed. It is advised to you to provide a written letter to the real estate stating that you do not wish to continue and you are cancelling your cheque for proof.


If you like my answer, please give a good review.
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Advocate  Anik
Advocate Anik Experience: 11 Year(s) Bangalore
ANISH  PALKAR
ANISH PALKAR Experience: 14 Year(s) Mumbai suburban
ask_a_question

Anonymous

Posted 2 weeks ago

I have 5 months emi pending and last payment made on jan 21. They are chasing as legal action will be taken if not cleared in full. They forced to give cheque and it got bounced . I was jobless frm 20...

A. so you got job now ?
if yes then you can pay now because only 5 emi pending.
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Ayantika Mondal @ Prime Legal
Ayantika Mondal @ Prime Legal Experience: 12 Year(s) Bangalore
Advocate  Anik
Advocate Anik Experience: 11 Year(s) Bangalore
Mradul  Bhatnagar
Mradul Bhatnagar Experience: 13 Year(s) Indore
ask_a_question

Anonymous

Posted 3 weeks ago

I am using sbi card since 5 years ,card number (4726428044744991 & 4207399167179695) my payment history in records was very good, i used 150000 rs with sbi card in the month of feb 2020. 12th of Apri...

A. Hi,
The Banking Ombudsman can help you find a solution by acting as mediator between you and the bank authorities.
On a related note, do not share details such as card numbers, bank accounts etc. online, especially on open forums such as this.
If you found this helpful, please rate us.
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Ayantika Mondal @ Prime Legal
Ayantika Mondal @ Prime Legal Experience: 12 Year(s) Bangalore
Raghu  Rajegowda
Raghu Rajegowda Experience: 7 Year(s) Bangalore
Sidhaarth  Srivastav
Sidhaarth Srivastav Experience: 29 Year(s) New Delhi
Why has State Bank of India withheld transfer on the pretext that one TDR ( that is linked yo the account of the deceased of which I am the nominee ) cannot be closed as it does not have any nominatio...

A. if your not the nominee to that bank AC, you have to get a succession certificate with family tree
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Ayantika Mondal @ Prime Legal
Ayantika Mondal @ Prime Legal Experience: 12 Year(s) Bangalore
Advocate  Anik
Advocate Anik Experience: 11 Year(s) Bangalore
Dear experts, In 2018, I'd lent my name and house address to my acquaintance in good faith to ship a consignment of mixed vegetables. They were exported to UAE and reached in poor condition and hence...

A. Hi,
As the other partners cannot be found, you will have to approach the Court to issue an ex-parte order giving you the authority to proceed with the writeoff.
If you found this helpful, please rate us.
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