Anonymous
24 May 2011 at 17:32
I have purchased a freehold property from my brother with a consideration of cash in year 2003. Being a brother i paid the amount in cash and took no receipt. I have only sale deed which states the transaction as follows.
"Whereas the vendor for his bonafide needs agreed to sell the said property to the vendee and vendee has also agreed to purchase the same for sun of Rs. xxxxxx/-. The entire consideration amount has been received in full and final settlement of sale price and nothing is left due out of the sale price, which is admitted by vnedor and vendee before the sub-registrar delhi"
After 8 years Now my brother is threatening me that he will move to court to cancel the sale deed as he didn't receive any payment or i give him 50% share. I am afraid that i too have no valid proof of payment given to my brother except the sale deed.
Please suggest, how can i safeguard my interests and save my property from being stuck in a court case for long time.
Do selling the property to another person is a good move?
Is it required to prove the consideration transactions before court even in case of cash.
The wittness in sale deed case were also arranged by the deed writer to prepared my papers and not known to me or my brother.
Anonymous
17 May 2011 at 19:43
Hi,
I am a NRI and a bad old friend cheated me in India. I file my taxes in USA. There is a provision in US tax system to report bad debts. Is there anything like that in India?
Thanks in Advance.
Anonymous
16 May 2011 at 20:00
partnership firm having 9 partners.firm build a commercial complex, when the partnership firm disolved, then property is transfer of all each partners, so what is the stamp duty rate?
Anonymous
12 May 2011 at 21:28
Summary -:
1.The Non Banking Financial Company(NBFC/HFC) invoked SARFAESI_Clause13(2) on "DATE1" and issued notice (LOAN CLOSURE).
2.Borrower received the scanned copy (as out of the address) of SARFAESI_Clause13(2) in e-mail BY "DATE2" and replied in mail.
3.Borrower objected by paying 80000/- on "DATE3" under section 13(3A) and NBFC surprsingly accepted against total demand(LOAN CLOSURE) and never replied.
4.Borrower never received notice under SARFAESI_Clause13(4) .
5.NBFC declared the borrower as "EX-PARTY" (Behind the Back) and obtained the Court Order possession and Sell by "DATE4".
6.Collected all the EMI "AS PER WISH" ON "DATE5" and issued a notice dated DATE6 as "SARFAESI is in Hold".
7.Again issued a notice under SARFAESI_Clause13(4) almost 8months after "DATE7".
8.Again sent the LOAN CLOSURE notice "DATE7" demanding the entire loan amount.
Question -:
1.Can Non Banking Financial Company , legally issue 13(4) multiple time without issuing NEW SARFAESI_Clause13(2) notice ?
2.Can the Non Banking Financial Company say "SARFAESI is in hold" "AS PER WISH" ?
Anonymous
12 May 2011 at 21:02
I am a director and 95% shareholder. There is one more director, he has 5 % shareholder also. If he refuse something for company's management,Can not I proseed it?
I have a majority of Share number .
But half majority of person number.
Can I sell my share to other without his sign, agreement?
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