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Ramkumar R Daga   19 October 2009 at 18:21

Pre closure charges on Home Loans charged by Banks.

Are you aware that there is a Supreme Court order dismissing a Special Leave Petition filed by a Bank against the refund it had to give its client fo such pre payment charges. The Hon Supreme Court observed after hearing both the petitioners that it would not interfere against the order to refund the preclosure charges against the Bank.
In another order a Bank has been asked to refund Rs 64,80,000/- (Yes Rs 64.80 lakhs) collected as pre closure charges from a party WITH Interest till the date of refund of the amount.
My query to the Appellate Authority of Reserve Bank of India, Smt Usha Thorat, in an appeal filed by me, under the RTI Act along with a copy of the Hon Supreme Court order and the directive by the Reserve Bank of India keeping this order in mind is yet pending reply. This appeal was filed about 15-20 days ago. Original query under RTI was filed in August.

Sachin Bhatia   19 October 2009 at 15:16

G.K.

Ques:Coercion is defined in which section of the Indian Contract Act?
Ans: Section 15

Ques:Undue influence is defined in which section of the Indian Contract Act
Ans: Section 16

Ques: Consent is defined in
Ans: Section 13

Ques: Free consent is defined in
Ans: Section 14

Ques: Misrepresentation defined in
Ans: Section 18

Ques: Fraud defined in
Ans: Section 17

Ques: When the consent of a party to the contract has been obtained by fraud, in such a case the contract is
Ans: Voidable

Ques: A contract to do or not to do something, if some event collateral to such contract does or does not happen” is called
Ans: Contingent contract

Ques:Novation is defined in
Ans: section 62

Ques: Misrepresentation means
Ans: Causing advantage to a person not a party to the contract

Ques: What is meant by ‘Court of Record’?
Ans: The court that can punish for its contempt

Ques: The sanctioned strength of the Supreme Court of India including the Chief Justice of India is
Ans: 26

* In Golak nath case Supreme Court held that Parliament cannot amend the fundamental right

Ques: Dispute regarding the election of Vice President is decided by
Ans: Supreme Court

Ques:The authority to restrict or extends the jurisdiction of the state of High Court rests with
Ans: Governor

Ques: The final authority to interpret the constitution
Ans: Supreme court

Ques: Name the head of a religious math in Kerala who filed a writ petition before the Supreme Court challenging the validity of 24th, 25th and 29th amendments
Ans: Kesavanda Barathi

PJANARDHANA REDDY   19 October 2009 at 09:11

ADMIN MUST DO ON EMERGENCY BASIS

DEAR ADMIN,
PLEASE PROVIDE US THE ATTACHMENT FIELD IN THE REPLY MASSAGE,IT WILL BE MOST APPRECIABLE IF YOU DONE ON URGENCY BASIS AS DID IN GENERAL FORUM.

IT WILL BE VERY EASY TO ATTACH THE RELEVANT JUDGMENTS...MOST MOST URGENT

joyce   18 October 2009 at 19:24

S.I.T.Act

Is a homosexuality a crime or an alternate life style? Is it been reconginsed by law? and what position does legal system plays towards the lesbian act? Is any punishment or fine is imposed? or what opinion does law gives to un-natural sexual Acts?

Nilesh Kumar   18 October 2009 at 14:04

can i seek information from my company under RTI Act

Hello sirs
I joined an private organization as research analyst and offered ESOP apart from salary .It was said ESOP will be decided by the Board of Directors. Now I am denied ESOP stating that BOD has decided none.
My question is can I seek information in regard to denial of that ESOP from my company under RTI Act. If yes, how can I proceed?
Thanks
Nilesh

Rajeev Ranjan   17 October 2009 at 22:14

claim for esopearlier offered by company but now denied

Hello Sirs,
My friend who joined a company in Gurgaon on 26th August 2008 which deals in trading. He is an M. Tech and at the time of joining he was offered ESOP (Employee Stock Option Plan) apart from the salary which will be decided by the Board of Directors. He along with two others joined there.
But in the Offer Letter nothing was mentioned in regard to ESOP. He was told that this is the policy of the company so no need to mention as because the decision in regard to this varies.
When he enquired about his ESOP the company denied the said offer saying that Board has decided none shares. He was never informed about the said decision.
So kindly suggest what are the remedies for him regarding his shares i.e. ESOP. How can he claim for that ?
Thanks,
Rajeev Ranjan.

Kishore Kumar Reddy Mukka   16 October 2009 at 23:55

Section 138 non bailable warrant against my personal Loan

Hi Experts,

I have availed ICICI personal loan. I have not paid 8 EMIs due to financial issues and now the bank is planning to initiate legal action ( Section 138, non bailable warrant).

Actually I am software employee and out of country now, will be back to India in another week.

Experts, please help me what needs to be done. Is it possible to issue non bailable warrant against me. If legal action is initiated then will it impact my career and my future foreign trips. Please guide me.

Thanks, Kishore

subramaniam   16 October 2009 at 17:00

jurisdiction

If a jurisdiction is fixed in a contract, after that how to change that jurisdiction

ex. subjuct to mumbai jurisdiction but i wish to file a suit in cheenai if it is possible or not ?

Thank u

Sachin Bhatia   16 October 2009 at 16:46

Here is my greeting for all the experts of LCI

Wishing you all the members of
Lawyersclubindia a very happy and prosperous Diwali.


This DIWALI may you be blessed with good

fortune as long as Ganeshji's trunk,

wealth and prosperity as big as his

stomach, happiness as sweet as his ladoos

and may your trouble be as small as his

mouse.

Happy Diwali!


Sachin Bhatia
Advocate
Panipat (Haryana)
09812283330

Rathnakar P V   16 October 2009 at 11:38

BEST WISHES.

Dear Friends of L C I forum,


I, RATHNAKAR RAO P V of Hyderabad, A P,


WISHES YOU AND YOUR FAMILY MEMBERS,


"HAPPY AND PROSPEROUS DIWALI".