Y V Vishweshwar Rao 's Expert Profile

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vijay khanna says : Limitation
Sir, I shall be obliged if you please guide me as under. I'm a bank manager, due to loan waiver some borrowers of KCC and of other loan are not adjusting/depositing the instalment of loans on the plea that the Govt. should exempt their loans also as the loans of defualters have been exempted. They are also not acknowledging their debt. The authorities are pressing us hard for getting the debt acknowledged with in three years of the loan advanced in order to have limitation intact. Here I may clear that we have get their agriculture land mortgaged. My question in this regard is this that whether we should get the debt acknowledged within three years or limitation is intact for 12 years. What will be the effect if the debt is not got acknowledged with in the three years of its advancement when we have their land as collateral security? In this case the bank's interest for filing recovery suit is defeated if the debt is not got acknowledged with in three years. PLease give your expert comments in detail. Thanking you (V.K.Khanna)

Pavan Kumar Thanikonda says : Eviction
Hi Please find attached judgment copy and 1st appeal copy which was dismissed in three months from the 1st judgment, court did not give me the time to produce some related documents which may support, now i appeal to high court for stay and file CRP, still i am not getting justices. Story of the case. 1. I was a tenant in the petition property for some time and owner was borrow some money and he gave a receipt for that, later he failed to return the money and was willing to sell the property and we had a deal for 3.5 lakhs. i paid around 3 lakhs adding the arrowed amount with interest and promised to pay rest at the time of registrations and entered a agreement of sale, after some time i arranged the balance amount and called for registration and i got to know that he was hospitalized for some reason and he/his family were prolonging the matter and i tried to force them to come for registration, but after few day i got a notice stating that i was staying his house since 9 years and i did not even pay rent for all 9 years and i was surprise to see that i approach the ADV and we filed the specissive performance suit which is still in pending. Points which wasn't noticed in the court. 1. Owner did not demand nor send any notice for rent for all the 9 years, if i wasn’t paid really. The fact I was paying. 2. He said that i did not even paid electric bills and water bills, where as in we did not have water connection to the entire premises and electric bills we used to share since we have 1 meter for both portions. 3. The specive performance suite is pending and all the documents are validated by registrar. 4. I have a rental agreement for the year of 2000 to prove that I was paying the rent. Which we did not filed in the court and I am not sure why the ADV did not produce. 5. The was settlement took place by localities for the same case, because the owner approach a committee agreeing that he borrowed some amount from me and I have a Xerox copy which was given to the committee, which can prove at least he took some amount from me, because he stated that in the court that he did not borrow even single rupee from me,, which could be an evidence to prove that he is lieing.

Y V Vishweshwar Rao says : Reply to Mukund Kumar
the partner may retire by executing a Retirement deed with the other partner and settle his accounts with him . Thereafter the other continuing partner may admit any other party as his partner by executing another partnership Deed/ Reconstitution of partnership

Mukund Kumar says : Partnershipdeed
Sir kindly help me on partnership matter i am newly parctice in taxation my clint is doing business of mitual fund and insurance business under partnership firm the second partner of the firm has join the job in private company. and he want to regine the partnership firm. How it is possiable the partner regine and new partner introduced. What would done.

Y V Vishweshwar Rao says : reply to S....L....
I am in Andhra Pradesh - I can not attend the Mumbai Court !

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