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Anonymous

I work in a coop society (patsanstha). I have given loan of around 2 lakhs to my neighbours with higher interest rate as a premium for not having mortage, on my own resposibility. Resposibility as in,

Posted 6 days ago


A. Dear Sir,
You may approach the Police and try to get or file a civil suit for recovery of money but chances are very low.

I could have explained more if background is known to me. If background is made known in full then legal experts will be in position to understand correctly. Moreso, the background must be in brief.

Please give me FIVE STAR if satisfied by my answers.
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Hi, My child was not interested in school program from the beginning of the year. As the teachers messaged me, I nudged to attend online classes. From July to August, she has attended only 10 classes

Posted 2 weeks ago


A. Dear Client,
Your dissatisfaction should be brought to the attention of higher education officials, and if necessary, a public interest lawsuit petition should be filed with the High Court. Let us know if you require any further assistance.
Thank you!
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Anonymous

I started a business and my friend helped in investing certain amount approx 4 Lakhs and business went on loss where we tried doing 4 projects, Investing to Dialer, Voip & Data for calling USA for Bra

Posted 1 month ago


A. You should not have started a business without having proper documents and agreement. For want of these docs you may to bear all loss to yourself and pay him back the money. What you can do is get in touch with a lawyer and prepare an MoU signed by you and him wherein you say that you will pay the amount gradually and he should not trouble you.
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Anonymous

Is it compulsory to appear with lawyer at Lok Adalat or I personally can appear also

Posted 1 month ago


A. Hi,
1) You can personally appear, there is no hard and fast rule concerning appearing with a lawyer.
2) However, a lawyer can help you put forth your grievances and the remedy you seek in an articulated manner and can also be beneficial in handling the procedures and other work at the Low Adalat.
If you like my answer, then please rate me.
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Anonymous

I've given 5 lakhs to a known person two years back and he has signed a promissory note (duly signed by him). He wanted that money to construct a School and also for his Son's marriage needs. As I am

Posted 1 month ago


A. Hi,
It is unfortunate that the person whom you have given your money too has absconded. However, since you have a promissory note which is valid, you can get your money back by approaching the court and filing a money suit. This will help you get your money back
if you like my answer, then please rate me
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Anonymous

I got personal loan with home credit company. I unpaid the last 4 months dues because of lost job and affected by corona. Now i got legal notice from my home credit finance stating to pay the full amo

Posted 2 months ago


A. Hello
You cannot deny to pay the loan back or say you can't pay, it's you liability to pay the loan back. Although you have an option to try contacting them and request them to give you some relaxation and Reduce your emi. Also it's there call to do so.
Thanks
Please rate if you find this advice helpful.
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Arun Kumar

Hello Sir / Madam, I wish to submit that i have given money amounting to nearly Rs.6 Lakhs on various occassions to my cousin sister during 2013 to 2016. All those were given as Bank NEFT Transfers. I

Posted 2 months ago


A. Dear Sir,
Normally, money can be recovered and suit can be filed only within 3 years from the date of last transaction. You must make something to continue the cause of action. You must get admissions from the borrower to file a civil suit.

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I am a doctor, I used to take private tuition of a girl who failed in 8 attempts in BDS, I had taken money for teaching the daughter, 40000, as the daughter was terminated from the college, he is thre

Posted 3 months ago


A. Dear Sir,
Please read the rules and regulations framed by DCI and if it is not allowed then you cannot render such tuition. But, such rendering tuition individually is of not commercial nature and no action will be taken by DCI.

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Can directors be personally liable in a nidhi ltd company. They collected FD deposit from public and malpractice it.

Posted 3 months ago


A. A directors liability is limited to the share that he has subscribed to the company whether it is nidhi limited company or private limited company. But if a company engages into a criminal or fraudulent activity, like satyam computers, then the liability of the directors are unlimited that means the directors will be taken to custody and the case will be opened against them too.
If the Directors knew about the malpractices or authorized the malpractices then they will go behind the bars.
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My Brother's Property (purchased by Dad 25 years before) is on Home Loan Mortgage with Dad as guarantor. Brother went absconding and there is no way to reach him. Dad is paying the EMI for the loan

Posted 3 months ago


A. Dear Sir/ Madam,
First go to the police station and receive a declaration from the police station that your brother cannot be traced then report the same to the bank and wait for their reply. If the reply is useful you can proceed with it or else just stop paying the EMI and let the bank proceed with their course of action
If you find this useful please rate me
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Administrative Law (1024)
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