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In Which court one should File Insolvnecy and Bankruptcy case in Karnataka?
A. The Insolvency And Bankruptcy Code, 2016 - Key Highlights
Dear Sir,
The provisions of Bankruptcy and insolvency Act may be used to get relevant certificate. The highlights of the Act are as follows followed by a link.
KEY HIGHLIGHTS
1. Corporate Debtors: Two-Stage Process
To initiate an insolvency process for corporate debtors, the default should be at least INR Ten lakhs which limit may be increased up to INR Ten lakhs by the Government). The Code proposes two independent stages:
Insolvency Re ...ReadMore
Dear Sir,
The provisions of Bankruptcy and insolvency Act may be used to get relevant certificate. The highlights of the Act are as follows followed by a link.
KEY HIGHLIGHTS
1. Corporate Debtors: Two-Stage Process
To initiate an insolvency process for corporate debtors, the default should be at least INR Ten lakhs which limit may be increased up to INR Ten lakhs by the Government). The Code proposes two independent stages:
Insolvency Re ...ReadMore
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Respected sirs,
As I've not paid since 4 months credit card payment as well as un secured loan. Now i am not in position to pay for minimum one or two year. Bank recovery agents demand but i can't...
A. Dear Sir,
Please 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 are governed by the rule of law," a bench comprising Justices Tarun Chat ...ReadMore
Please 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 are governed by the rule of law," a bench comprising Justices Tarun Chat ...ReadMore
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Dear Sir,
Meri ek party hai Meerut me (Pvt.ldt.) company hai main iske saath 2017 se regular business kr rha hu maal ja rha tha aur payment bhi aa rha tha.
Kuch-kuch krte hue usper ek accha amount cre...
A. You may share more details and you can file a case for recovery
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Hello,
I have recently lost my father. My father took a secured from an NBFC mortgaging his shop. My mother is the legal heir of that shop.she is housewife and can't repay the loan. That shop is also...
A. 1) Your best bet is to resist actions taken by the NBFC. You will receive a legal notice from the NBFC if your account with the NBFC is declared as NPA. However, that does not happen immediately and you will have have opportunity at SMA 0,1,2 stages as well.
2) Your mother is liable for the debts occurring on the shop including the loan amount. Not paying is not an option, and you should start arranging funds if you want to keep the shop.
3) Contrary to what has been stated above, you cannot ...ReadMore
2) Your mother is liable for the debts occurring on the shop including the loan amount. Not paying is not an option, and you should start arranging funds if you want to keep the shop.
3) Contrary to what has been stated above, you cannot ...ReadMore
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Can someone recover money paid for securing government job if the person who had taken the money is absconding. Also no agreement has been made. And no witnesses have seen the incident.
A. Yes, You can file a criminal & Cheating complaint of 420, but it is a bit difficult as you said the person is absconding. also you have not mentioned which State, City or Village. Also you have not mention the amount to be recovered.. If more details available may be we shall be able to help you out.
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & als ...ReadMore
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & als ...ReadMore
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I have credit card debt of 10,00,000. 2,50000 debt in personal loan on credit card and 1 separate personal loan of 1,50,000 from bank. In total, I have debt of around 14 lacs and I do not have any w...
A. As you don't have the money to repay & you don't have any assets...... so no need to worry much as nobody will be able to take any money from you as you don't have it. You file for insolvency through a Local C.A. /Lawyer.
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail ...ReadMore
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail ...ReadMore
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I am a crypto currency trader in India since 2018. I have earned more than 5lakh in crypto asset, due to RBI ban I couldn't be able to transfer the amount in my bank. I have trustet someone whome I kn...
A. file complaint against them immediately
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Hello everyone ,
My name is rajendra from Hyderabad,
I am unable to pay off my credit card bills due to job change in last 6 months and now no job, because of non payment interest has gone very high...
A. Dear Sir
It is civil case and they can approach the Court. Get issue a strong legal notice or file a suit restraining them from interfering into your private life and defaming you.
It is civil case and they can approach the Court. Get issue a strong legal notice or file a suit restraining them from interfering into your private life and defaming you.
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Sir, I have issued cheques to private lenders for the debt they gave me. The cheques r to b deposited in the bank by them every month to collect the EMI. Now my business is in losses nd Im not able to...
A. 1) best is to avoid liability. Take back the cheques, and issue them notice regarding your state of business.
2) Negotiate payment plans, and one time settlement with the lenders.
3) you have not paid the amount due to them , and it is best to avoid lengthy legal battles when you can.
4) engage an Advocate to conduct negotiation on your behalf.
Regards
Adv Shreesh Chadha
2) Negotiate payment plans, and one time settlement with the lenders.
3) you have not paid the amount due to them , and it is best to avoid lengthy legal battles when you can.
4) engage an Advocate to conduct negotiation on your behalf.
Regards
Adv Shreesh Chadha
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I gave 5lakh rupees to one of my friend at some nominal interest without any written agreement or proof. But i transferred the amount online from my bank to his bank. Now one year has been passed. He...
A. If you want fast return of the money then persuade him/her to give you some 4 or 5 Cheques & even PDC will do. OR last option is recovery suit, but it will be time consuming
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail. Do show me the entire set of documents & I shall ...ReadMore
If you realize my professional skills, the time & efforts put in by me needs to be truly appreciated, and then Please “CLICK MY LIKES/ THUMBS UP/GIFT” button shown below this reply format & also CLICK/ WRITE a “REVIEW” in 5 star as I have answered your query in detail. Do show me the entire set of documents & I shall ...ReadMore
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