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DEEPAK SHUKLA   23 January 2009 at 20:04

Auction by tender

Sir,
The Bank after proceeding under SARFAES Act 2002 invited Tender for sale of property. On the last day only one bid was recieved which was only Rs. 7 thousand above the reserve price. The action was confirmed. My question is that the bank was right on doing so because there was no competion and the price which is offered to the Bank is Less than the 50% of the present value of thye property.I have heard that atleast three tenders are mandetory but I cound'nt find the Citation or G.O.. Some one have the answer please reply its urgent.

Pallavi   23 January 2009 at 18:16

Debt Recovery By KSFC

hi,

I have heard that there is new statute lined up that any property should not be auctioned by the Finacial corporations or debt recovery team during the recession? is that true? if so when will it be active?

M Sandal   22 January 2009 at 12:04

registration time limit in Gurgaon

Pl intimate what is the time limit for property registration in Gurgaon and penalty if any thereafter.

Tirumalesh sharma   21 January 2009 at 23:31

legal information

What we Can Do If Nagar Palika (Municipal cor.)sell proparty inlegal

P.Muthusamy   21 January 2009 at 18:39

Difference between ancestral and self earned property.

A Bequeaths by will equal shares to X and Y jointly in a business firm.

The firm was dissolved by mutual agreement.

X became the owner of the firm having paid half the shares to y be a deed of dissolution which was not registered.

Now after an elapse of 33 years from the date of dissolution, the son of Mr.Y has sent a legal notice through a lawyer to Mr X stating that X has cheated Y to an extent of Rs 5. laks and asks X to hand over the business to y or to him. He being the grand son of A, he claims that it is ancestral property and hence he has some succession to that business. Is it legally valid notice.






P.Muthusamy   21 January 2009 at 18:08

Is Registration necessary if a firm is dissolved ?

We five brothers were running a partnership firm ( Hotel Business) bequeathed by our father by a will.

The firm was dissolved after running it for fourteen years, after signing a deed of dissolution which was not registered.

Is it mandatory to register the deed.

samudra   19 January 2009 at 19:42

General power of attorney

Dear Friends,

What is mean by "Sale cum GPA". Can some body provide me, Format of the same please.

Matter is very very URGENT Please.

Thanks in advance...

Legal Fighter   18 January 2009 at 23:23

Do I have to Pay Court Fee for Suit for Declaraion of Title alongwith claim for possession?

Do I have to Pay Court Fee for Suit for Declaraion of Title alongwith claim for possession? I have to file it in U.P., can you please tell me as how much would I have to pay?

muthusamy   17 January 2009 at 15:03

Law of will

Sir,

My father in his will which was written in the year 1956 has stated that the properties that he would purchase after writing this "will" will belong to his five sons of his second wife.

He purchased a property in the year 1960 and expired in the year 1961.

I am the third son among those five sons.

My elder brothers approached the court for partition.

I paid the court fee for my 1/5 portion and had prayed for partition.

The lower court rejected the suit by raising a speculation that how could the will state about the schedule property which was purchased in the year 1960. Another reason stated for the rejection of suit is the non inclusion of the son of the father's first wife who is alive.

Is there any law preventing one from writing a clause in the will by which his belongings that he will acquire in future will be bequethed to a person he wants.

The case is now in the high court. Is there any judgement substantiating my claim that in a will the testator can bequeath his properties which he buys during his life time after writing a will to any person whom he wants?.

Is there a necessity to join the son of the first wife in the suit while the will says that the schedule properties will belong the sons of his second wife.

Thanking you in anticipation.




CA DINESH KUMAR OSTWAL   17 January 2009 at 11:00

tenancy termination

land lord lets the commercial premises measuring 6500 sft. on second floor for 20 years lease by entering into lease agreement in writing which is not registered. In the said unregistered lease agreement there is a clause that the tenant shall not carry out any major alteration/additions/improvement in the premises without the consent in writing of the landlord.landlord sold the tenanted property to new owner/buyer who terminates the tenancy and filed eviction suit. Written statement is filed by the tenant alleging that he has converted the premises(open Hall) into rooms for lodging business spenting 10 lakhs with the knowlege of the landlord, though no consent in writing from the landlord is produced/taken in support of the same from the landlord to do so as per the clause in the unregistered lease agreement.Tenant files IA objection asking the court to appoint court commissioner to assess the value of the additions made to the premises.Now the issues are 1) Can the court appoint court commissioner for valuing the alterations/additions inspite of the owner giving the defence that He himself has made the additions/alterations ?
2) The tenant has not taken any consent in writing from the owner for alteration, Can the tenant claim the cost of the same from Landlord ? 3) by alleged alteration can the tenant take a defence that unless the cost of alleged alteration is reimbursed, tenant cannot be evicted ?
4) can the landlord argue that the tenant has not made counter claim and paid paid court fee on said claim, there court does not recognise these claim as per c.p.c act.?