dareson
07 April 2008 at 18:24
Hi all! A Private Limited Company incorporated in India has entered into a Contract with a 'Foreign company' to provide 'software services'. When the project was nearing the final stage, the 'foreign company' which has utilised the services of the Indian Company has stopped the project and did not pay the balance amount due. The Indian company has recruited and made payment to the computer labourers for the project and thus incurred loss. The 'foreign company' said that it is the fault of the Indian company as the project did not run as per its' expectations. Now, what are the options available to the Indian Company? (1) Can a Police Complaint be lodged against the Foreign company for (a) 'BREACH OF TRUST', (b) 'Having committed Fraud' on Indian Company by non-payment of its' legitimate dues? (2) Can a 'Leave to Sue' application be filed at the HIGH COURT for claiming the money due? I shall be much obliged if anyone clarifies the above and also suggest any new methods for recovering the dues. Thanks.
'
Dr. JP Shyamasundar
05 April 2008 at 10:40
Respected Sir,
May I kindly be clarified that whether any edible
oils, viz., palmolein, groundnut, coconut, sunflower
etc., will be permitted to use in commercial chemical
formulations as ingradients? or Any restrictions /
regulations are available to stop the usage of edible
oils in non-food industrial applications, inorder to
conserve our natural and national resources for edible
oil availability to present and future man kind needs. I want to know about usage restrictions of edible oils in commercial sector. Or Whether any special approvals / exemptions are permitted.
An early reply is highly solicited.
With Regards
Dr. JP Shyamasundar, M.Sc., Ph.D.
J. P. Shah
02 April 2008 at 13:10
ONE OF MY FRIENDS HAS BEEN THROWN OUT OF HIS FLAT WITH WIFE AND TWO SMALL SONS BY OFFICERS OF A NATIONALISED BANK FOR AN OVERDUE OF RS.3000/-ONLY, IN HOUSING LOAN OF RS.400000/-SINCE LAST 9 MONTHS, BECAUSE HE DID NOT REPEATEDLY ENTERTAIN OFFICERS WITH LIQUOR AND NON VEG FOOD. NOW HE HAS NO FOOD, CLOTHS, HOUSE, MEDICINES, HIS BANK-FILES AND MEANS/TOOLS OF SURVIVAL AND EARNING. HE LOST BUSINESS IN THIS PERIOD.THEY ARE SURVIVING IN A ASHRAM. HE HAS NO MONEY TO PAY FEES TO DRT/COURT OR ENGAGE ADVOCATE. DRT IS NOT ACCEPTING APPLICATION WITHOUT ADVOCATE AND FEE OF RS.12000/-. LOCAL POLICE IS NOT DOING ANYTHING ON HIS COMPLAINT. V HAVE OBTAINED SOME INFORMATION UNDER RTI ACT, WHICH SUBSTANTIATES THAT BANK OFFICERS HAVE GROSSLY VIOLATED LAW OF LAND, SUPREME/HIGH COURT JUDGEMTNS AND RBI CIRCULARS NOT TO RESORT TO ABUSIVE RECOVERY METHODS. NINE FUNDAMENTAL RIGHTS HAVE BEEN VIOLATED. COMPT WITH NHRC IS NOT ATTENDED BY THEM.LEGAL AID ADVOCATE IS ILLEGALLY ASKING FOR MONEY TO FILE WRIT. BANK HAS DEPRIVED HIM OF INFORMATION AND MONEY TO DEFEND HIM.DRT IS THE APPELLATE TRIBUNAL FOR ACTION OF BANK UNDER SECURITISATION [SRFAESI] ACT 2002 U/S 17. RBI IS NOT RESPONDING DESPITE TWO REMINDERS, LAST TO GOVERNOR OF RBI. ADVOCATES ARE DEMANDING RS. 40 TO 50000/-FOR JUST FILING WRIT IN HIGH COURT. DRT ADVOCATE WANTS RS.25000/- FEE FOR FILING FRESH APPLICATION IN DRT. FURTHER DELAY BY GOVT MAY PROVE FATAL TO THIS FAMILY. BANK H.O. IS SUPPORTING ERRING OFFICERS SO THAT OTHER DO NOT GET DEMORALISE FOR RECOVERY. THIS IS CASE OF A COMMON MAN OF INDIA VERSUS BIG NATIONALISED BANK, WHICH IS ACTUALLY MANDATED TO HELP AND DEVELOP COMMON MAN !
OUR LEARNED EXPERTS MAY GUIDE FUTURE COURSE TO MY FRIEND.
bm
02 April 2008 at 10:58
when there is change of name of the company.is there any procedure to alter the share cetificate. if is there please guide me
J. P. Shah
01 April 2008 at 23:19
My son was trading in shares with a share trading terminal at my place of a subsidiary of a renowned private sector bank. The trading agreement states as subject to mumbai jurisdiction. All transactions have taken place at my place through the trading platform of company's direct business associate at my place. My son incurred loss as the system did not function when markets crashed on 21-01-08. Please let me know if territorial jurisdiction will be district forum under consumer protection act at my place [its a district place with this forum] or mumbai which is 1000 kms from my place.
Brajesh Tiwari
01 April 2008 at 13:17
My brothers are having proeritorship firm in indore. Due to increased turnover they are planning to form a PVT LTD company. I wants to know the advantage of PVT LTD company. whether from tax & turnover point of veiw Partenership firm will be suitable or Pvt ltd firm?
Abhimanyu Soni
27 March 2008 at 10:56
Hi All,
Kindly send me a basic draft of agreement between Placement agencies and a company.
We are a company working at different locations in India and for that we need to tie up with some local placement agencies.
Kindly send it on abhimanyu.sony@gmail.com
Thanks and regards
Abhimanyu Soni
jitender dhiman
23 March 2008 at 02:30
Dear sir/madam,
goodevening,
i want ask about a claim settelment case of my own father's life insurance.
my father took a life insurance policy (beema gold)from LIC of india in the year 2006 in the month of march dated 28th.his policy premium was 10000/- annualy.MY FATHERS AGE WAS 58 THAT TIME.in that policy he had the death benefit of 2 lac , as well as accidental death benefit of 2 lac.unfortunately in the year 2007, in the month of april dated 30th he died in a road accident.it was very unfortunate for me as well as for my mother also.any how,after several days of this sad moment my mother applied for that insurance claim ,the policy which my father opt for, but now insurance company is dening to give that claim by saying that policy was in LAPS mode. because my father dalayed the payment by one month one day.
sir i want to ask u that 1.-- our insurance agent delay that payment , my father already gave him cheque.
2.-- if a company giving the grace period of one month as their company proffessional are saying then u can see the calender at that day of april 28th was satureday (in this day most of the LIC office/employees are not working and on 29th it was sunday and on 30th (monday)my father died in an accident .my mother is saying that they were on the return way after collecting his own policy cheque from the agent because agent was not able to submit his renwal premium because of his personal problem.
now sir please help/guide us in this case that my mother was a house wife & i am also earning a bit.
please tell us what we can do now , is there there any possibilities to claim this amount by my mother, is there any law is available who can give my mother's right .please suggest the right way.
jitender dhiman
Prabhu
22 March 2008 at 14:53
Sir thank you for your reply. Iam staying In Bangalore.What is the fastest way to recover my amount from the company through legal process.can i file a company petition?? or any other way???.Please suggest me
Prabhu 9448314614
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
credit cards
inspite of reminders the bank is not supplying the statement re garding credit card usage.so i stopped using the card intimating that the card is nolonger in need' eventhen the bank is directing to pay money.i have sent a communication stating that iwas not using the card in the relevant period. what can i do now?