#best debt recovery lawyer in gurugram

[mylawyeradvise]

Investors can also enter the market by investing 100% FDI in the Non-News & Current Affairs TV Channels under the automatic route, where permission from the Government is not required.

[itslawyersadvice]

On the sanctioning of the scheme of amalgamation, the Respondent borrowers became the borrower of the Appellant as if the financial assistance was granted by the Appellant to the Respondent borrowers.

[lawyersadvice12]

The Corporate Debt Restructuring or CDR is a willful procedure under which banks and money related organizations help those organizations, who are confronting budgetary challenges because of inner or outside variables, to rebuild their obligations. It is noteworthy to mention that, Corporate Debt Restructuring or CDR is a non-statutory procedure. The rationale behind this system is to give opportune help to the organizations and restore them. Another thought process is to secure the enthusiasm of the partner, speculators, and different gatherings who are going about as moneylenders to such undertakings.

[mylawyeradvise]

Company Registrations, Compliances, Licences & Permits to be procured: • Uplinking License requirement for businesses of uplinking television channels from India. • Downlinking License requirement for businesses of downlinking television channels from India. • License for setting up and operating of Direct-To-Home (DTH) services in India. • Licenses regarding Intellectual Property Rights (IPR) like Copyright, Trademarks, Patents, Trade secrets, etc. must be procured to ensure compliance with the regulations and policies.

[mylawyeradvise]

 Foreign E-commerce or a drop shipping companies can enter the Indian Business Market under Direct and Indirect way:

The direct way for a foreign e-commerce company to enter into the Indian market is through Foreign Direct Investment. 100 per cent FDI is allowed in e-commerce companies operating in single brand retail trading.

 Another way to enter the Indian Market is through Indirect Foreign Investment. This is when an Indian company having foreign investment is owned or controlled by a foreign entity, invests in another Indian Company.

[mylawyeradvise]

An e-commerce entity can be set up as a private or a public limited company, or a sole proprietorship, or a cooperative, or a limited liability partnership. The required documents vary depending on the type of entity chosen to do business in.

[mylawyeradvise]

A Cheque bounce is when there is dishonour of payments by the drawer when the cheque is submitted for payment by the drawee. The dishonour can be due to various reasons, some are clear overwriting on the cheque, insufficiency of the amount in the account used for payment, attestations on different documents do not match etc.

[mylawyeradvise]

Anticipatory Bail under the Narcotic Drugs and Psychotropic Substances

Under the NDPS Act, violation of laws related to contraband substances like Ganja, Heroine, Cocaine etc. are classified under two categories i.e. according to the quantity of the substance involved, offences related to producing, possessing, selling, purchasing, transporting, consuming and importing prohibited substances in “Small Quantity” and those in “Commercial Quantity” respectively.

[mylawyeradvise]

Force Majeure & Contracts: Indian Contract Act 1872

Force Majeure is a ground of defense that is available under the Indian Contract Act, 1872 (the Act), to a Defendant against whom a suit for breach of contract has been filed.

[mylawyeradvise]

DRT Lawyer in Delhi NCR

In this case, the borrower had taken a loan from Syndicate Bank for constructing a Hotel. Later, there was a default on the borrower in repaying the said loan. Subsequently, the bank took action in accordance with the rules of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act of 2002 The bank took formal possession of the property which was mortgaged and had been given as a surety for the due discharge of the loan, and put it up for sale.

[mylawyeradvise]

Corporate Debt Recovery Lawyer in Delhi NCR

In this case, there were two petitions which had been clubbed together, and a specific question of law was answered by the Hon’ble Supreme Court of India. The petitioners, who were the borrowers in this case had raised a contention before the Hon’ble Court that a certain provision in the Recovery of Debts due to Banks and Financial Institutions (RDBFI) Act of 1993, had to be included with Section 18(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act of 2002.

[mylawyeradvise]

Corporate Debt Recovery Attorney in Delhi NCR

M/s. Indiabulls Financial Services Limited (IBFSL) was granted a certificate to operate as a Non-Banking Financial Company (NBFC). The Appellant and IBFSL were sister concerns. The IBFSL had disbursed a loan to the Respondent borrowers by creating equitable mortgage over various properties. After sometime, the IBFSL got merged with the Appellant and the assets and liabilities of IBFSL stood vested in the Appellant.

[lawyersadvice12]

In the instant case, the loan was given by IBFSL which was not a financial institution covered by the SARFAESI Act when the loan was given. However, this entity got merged with the Appellant and Appellant was a SARFAESI company. The loan/debts/financial assets stood vested in the Appellant pursuant to the amalgamation scheme filed by the two companies where under the predecessor company, IBFSL got amalgamated with the Appellant.

[lawyersadvice12]

In this case, there were two petitions which had been clubbed together, and a specific question of law was answered by the Hon’ble Supreme Court of India. The petitioners, who were the borrowers in this case had raised a contention before the Hon’ble Court that a certain provision in the Recovery of Debts due to Banks and Financial Institutions (RDBFI) Act of 1993, had to be included with Section 18(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act of 2002.

[lawyersadvice12]

If the borrower is aggrieved by the action and/or recourse taken by the financial and lending institution under the SARFAESI Act, 2002 then he/she can always make an application for an appeal under Section 17 before the Debt Recovery Tribunal whereby an appeal can be preferred to the Debt Recovery Appellate Tribunal (DRAT), the High Court and the Supreme Court of India.

[lawyersadvice12]

The present case was a revision petition filed by the petitioner borrower, V.J. Dhanapal, who was one of the partners of M/s. Haris Chicken which had been receiving financial assistance from the Union Bank of India, Bangalore. There was a default on his part, due to which the account of the borrower was classified as a Non-Performing Asset (NPA). Thereafter, the respondent bank issued an auction sale notice, fixing the date for sale on 27/9/2013. The petitioner challenged the notice due to non-compliance of the requirements under Section 13 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act of 2002 before the Debt Recovery Tribunal (DRT) and the Debt Recovery Appellate Tribunal (DRAT), after which the petitioner borrower approached the Hon’ble High Court of Madras.