Mr
Dear Sir, I just want to know if someone loose his case in Honable NCLT Court , can he file money suit in civil court even when NVLT orders against him
Get Free Legal Advice from Top Expert Lawyers
100,000+ Legal Questions Answered
A.
Sir/Madam
Companies Act,2013
u/s 430 - Civil Court Not to Have Jurisdiction Notified Date of Section : 01/06/2016
430. No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which the Tribunal or the Appellate Tribunal is empowered to determine by or under this A
Vidhikarya
Other Responses
Helpful
Share
Bankruptcy and Debt
Bike Loan Not paid
In 2016 i bought a bike on EMI but due to some circumstances i was not able to pay loan amount and now when I checked my cibil report i found that the status of my bike loan is showing as suit filed w ...
A.
Dear Sir,
Now, you are free from that liability as loan was legally written off. Better share the relevant documents for more guidance.
Other Responses
Vidhikarya
Vidhikarya
Helpful
Share
Bankruptcy and Debt
Builder Issue
Dear Sir/Madam, I bought an under construction apartment and the construction has been going on for a long time. Recently, an insolvency resolution process has been initiated. Because of this IRP, my ...
A.
Dear Sir,
To be in safer zone you must oblige and file necessary forms to get compensation etc.
Bankruptcy and Debt
Gambling debt
I tooks loans over last 2 years And lost all money in online gaming .. Now don't have money to repay can I file bankruptcy .. Have 5 credit cards And 5 different loans of total valy 30lacs Please ...
A.
If you do not have the money then you can surely file an insolvency and bankruptcy suit.
Thanks
Vidhikarya
Other Responses
Helpful
Share
Bankruptcy and Debt
DEBT
i am sanjay my father had a personal loan from a bank of 50000 rs. he died five years back. i am unemployed and my mother is handicap blind. we have very low anual income. we can hardly sustain our b ...
A.
As for question 1
Yes the bank can auction the property if the same was given as collateral against the private loan taken by your father who is no more. If the property was not given as security or collateral then the bank has no rights.
As for question 2
Yes. [The bank has the rights to waive off your loan]. However no bank would actually do that so they might allow you to repay the loan amount in very small installments taking into consideration your financial status. OR ELSE, they might
Vidhikarya
Other Responses
Vidhikarya
Vidhikarya
Vidhikarya
Helpful
Share
Bankruptcy and Debt
cheque amount deny to retotn
ii have given a cheque for buying a land @ Rs 700 per sq ft during 2012 During 2015 he say the rate is Rs 900 per sq ft I told to give back my money and not ready for ypur option on the same day till ...
A.
Dear Sir,
You have to get issue a legal notice and file suit for recovery of money with interest, advocate fee and expenses as they violated the conditions.
Other Responses
Helpful
Share
Bankruptcy and Debt
Debt recovery
I have availed a loan from a bank and have been paying them regularly. I got laid of in the month of Jan butninstill paid all EMI till April,however i could not manage it for this month and I still do ...
A.
Dear Sir,
You may get issue a legal notice on the basis of following judgment.
=======================================================================
ICCI Bank Limited vs. Prakash Kaur case,
The Supreme Court in a landmark judgement reiterated its earlier stand that banks cannot deploy musclemen for recovery of loans from defaulters thus forcing them to end their lives.
"We deem it appropriate to remind the banks and other financial institutions that we live in a civilised country and
Other Responses
Vidhikarya
Vidhikarya
Helpful
Share
Bankruptcy and Debt
Need help to come out of debt
My case is a bit complicated and need immediate help. I have 4 running personal loans from banks and NBFC's. Now I am in no position to pay off the EMI's, I tried to settle these loans but even could ...
A.
Dear Client,
If you are unable to pay your debts, you can file a suit under the insolvency and bankruptcy code and get rid of such situation.
Thanks.
Vidhikarya
Other Responses
Vidhikarya
Helpful
Share
Bankruptcy and Debt
Insolvency and cheque bounce
I have taken money from some known people on interest and now I'am not able to repay the money. And people started to threaten me because of which i have relocate myself, but somehow they get to know ...
A.
Dear Client,
Relocating isn't a solution. Problems are being faced by your relatives because of your fault. Speak to your creditors and try to settle it down amicably.
Thanks.
Vidhikarya
Other Responses
Helpful
Share
Bankruptcy and Debt
Loan default due to crushed my business
I have taken a business loan from kotak mahindra bank . due to my business crushed down i can't able to repay my emi . i request my bank to reduce my emi.. Can bank reduce my emi.. Or what can i do le ...
A.
Dear Sir,
You may approach Banking Ombudsman or Higher Officers of Bank. They have discretionary powers.
Thanks.
Other Responses
Vidhikarya
Vidhikarya
Helpful
Share
Categories
- Administrative Law(2285)
- Admiralty and Maritime(36)
- Adoption(464)
- Advertising(146)
- Animal Laws(350)
- Anticipatory Bail(97)
- Arbitration and Mediation(335)
- Aviation(98)
- Banking(3668)
- Bankruptcy and Debt(1301)
- Cheque Bounce(1435)
- Child Custody(759)
- Civil(9944)
- Commercial(553)
- Consumer Protection(3131)
- Contracts and Agreements(2176)
- Corporate and Incorporation(625)
- Criminal(5769)
- Customs, Excise(266)
- Cyber Crime(2422)
- Cyber, Internet, Information Technology(1483)
- Debt and Lending Agreement(587)
- Debt Collection(1286)
- Divorce(6141)
- Divorce and Separation(1636)
- Documentation(1840)
- Domestic Violence(2687)
- Election Campaign and Political Laws(68)
- Employment and Labour(7232)
- Environment and Natural Resources(101)
- Equipment Finance and Leasing(24)
- Family(6766)
- Financial Markets and Services(593)
- Government Contracts(147)
- Human Rights(1579)
- Immigration(244)
- Industrial Laws(350)
- Insurance(508)
- Intellectual Property, Copyright, Patent, Trademark(275)
- International Laws(87)
- IT Contracts(322)
- Juvenile(95)
- Landlord and Tenant(2645)
- Licensing(153)
- Mail Fraud(170)
- Maternity(335)
- Media, Communication, Entertainment(64)
- Mergers and Acquisition(49)
- Military Laws(131)
- Motor Accident(564)
- Muslim Laws(293)
- Mutual Consent Divorce(83)
- Oil and Gas(22)
- Open Source Codes(10)
- Outsourcing Agreement/Laws(36)
- Partnership(240)
- Police Laws(326)
- Power of Attorney(386)
- Privacy(416)
- Property(15169)
- Real Estate(2541)
- Registration(744)
- RTI(487)
- Sale(251)
- Sale of Goods(179)
- Sex Crime(548)
- Sexual Harassment(9)
- Sexual Harassment at Workplace(291)
- Software License(10)
- Sports Law(23)
- Tax(264)
- Tax-GST(157)
- Tax-Income Tax(501)
- Tax-Property Tax(119)
- Telecommunication(77)
- Torts(79)
- Transportation(359)
- Trust and Society (NGO)(391)
- Will(692)
- Work Permits(129)
- Writ(492)
Share on
×