Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

R.VENKATESAN   28 July 2008 at 13:35

Recovery of Debts Due to Banks and Financial Institutions Act, 1993.

A recovery certificate was issued by the Debts Recovery Tribunal. Thereafter the mortgaged property was auctioned by the Recovery Officer as provided under The Second Schedule to the Income Tax Act 1961 and as per the provisions of The Income Tax (Certificate proceedings) rules 1962.

The auction purchaser deposited the entire amount before the Recovery Officer. In the meanwhile, the mortgagor/borrowers filed writ petitions before the High court and the confirmation of sale was stayed.

In the meanwhile, the auction purchaser filed an application to deposit the bid amount in Interest bearing fixed deposit and the same was deposited in a Nationalised Bank.

The Writ petitions filed by the mortgagor/borrower were dismissed. The auction also confirmed by the Recovery Officer in favour of the auction purchaser.

The bank wanted to adjust the bid amount deposited with the accrued interest. The auction purchaser has filed an application seeking relief before the DRT stating that the interest amount has to be paid to the auction purchaser.

Whether the auction purchaser is entitled to the said relief. Any case laws on the said subject.

Jaydeep Kurup   28 July 2008 at 12:49

Min Wage - Kolkatta

Can any one help with the latest min wage notification for West Bengal.

advocate satya   28 July 2008 at 12:45

small cause court

hi
will u people tell me what is small cause court, where it is in delhi, and what is the way of trial in these courts?

sagar madan   28 July 2008 at 12:42

change of name

Please inform me what is the procedure for change of name of a woman after marriage in Maharashtra/ Mumbai?

Sushant Panigrahi   28 July 2008 at 12:09

Sitting Fees

what is maximum admissible sitting fees as per the Act.
Whether it include Travelling Expenses,
Whether the same is for per Metting
For Eg if Audit Committee and Board Meeting is held at once the what will be the maximum admissible sitting fees

Jaydeep Kurup   28 July 2008 at 12:04

Contract Labour

Can an employer directly employ contract labour or it needs to employ them thru a contractor.

dasd   27 July 2008 at 22:56

property law.....

if mr a wants to purchase a flat from society in joint name of mr a & his wife.but society have some rules to allot the flat in only one person's name ?then whether registry can be done in joint name or not?

Lokesh   27 July 2008 at 21:45

TN Buildings and lease control act


I am the new owner of the property and without issuing notice of attornment of tenancy, i have initiated eviction proceedings against the tenant on the ground willful default, personal occupation and demolition and construction? will the non-issuance of attornment of tenancy notice be drastic to my case?

sanman ayachit   27 July 2008 at 21:45

process for establishment of the law firm?

what is the process for establishment of the law firm? how many members minimum required for it? & in which catagories they can do work?

ankit gupta   27 July 2008 at 21:34

arrest WARRANT

a person was arrested by special cell police ,lodhi road at 5am,he was told that he is involved in a scam of 50 crore rupees of PNB .

what should a layman and family members of the person arrested do!!!

what are the essential the should give to the family members of the accused.