Legal questions on Business Law

ICICI Bank Personal Loan - Pre-Closing!!!

Hi, I have taken a Personal Loan from ICICI Bank Hyderabad - Details are as below - Date of Loan Execution: 1st April 2016. Principal Amount of the Facility: Rs. 11,00,000.00 Tenure: 60 Months Rate of Interest: 12.99% Product Type: Personal Loan 1st Installment Date: 5th May 2016 Installment Amount: Rs. 25,023.00 Principal Outstanding as of 6th June 2017: Rs. 9,02,893.50 When...

Maximum total liability

We may hardly get 5-10 lakh/annum from our recruitment services to client. but the below paragraph says, if there is breach then we have to pay 5 crore. Should i sign this legal agreement? We know this is not possible, but can we have this in our agreement? As this clause may take all our hard earnings of 10-15 years in 1 short. limitations on liability. except for damages or losses ar...

Termination issue

Hi team i worked at mnc last four months but suddently they fired me for some reasons i dont' know what happen and i totally blinded after that incident i asked my manager he not responding my calls and the date they fired me on may 11 2017, but still i won't get any termination letter with the company side Issue : I was spoke my head her name is divya it's totally education so i asked ab...

Breach of Terms and Trust by a Pvt. Ltd company in Mumbai

I am a 42 year old unmarried female based at Mira Road, Mumbai working as a freelance recruiter working from home. I work on small scale basis catering recruitments services to few clients. My case is related to one of my Mumbai based client "Interex Arch Designs Pvt Ltd" situated at 658,Kailash Nagar,Office No 3, Tardeo Road, Mumbai - 400 007. whose Proprietor name is Mr. Aftab Moon. In ...

Slump Sale

Two companies 1. XYZ Ltd- Active 2. ABC Pvt Ltd- Active SRA- Govt Authority Monitoring slums in Mumbai and suburban area Date wise sequence 1. SRA was float a tender for particular project in march 2015 2. XYZ Ltd has participated the bid as they have won the bid because they are in L1 & technical criteria matching 3. The project cost is 1.8 cr 4. The project Duration was 4 Mon...

Fired without notice, what should I do?

I was hired by an IT startup (Intellipaat Software Solutions Pvt. Ltd.), after which I resigned from my previous employer to join them. I joined Intellipaat on 20th Feb 2016, as an Inside sales manager. The training period lasted for 10 days. On joining new organization I tried my best of abilities to perform better than expected. My performance was monitored by the management deeply as compa...

My smartphone delivered in wrong address by xiaomi india

Redmi 3S prime Price-Rs 8,999 Order date 18jan2017 Received date23jan2017 My mom is suffering from sugger and BP. When she take tension. I am feeling not responsible. We are middle class family we first time buyed a 9000 rupee smartphone. 1).Due to some serious networks issue I complaint to repair my phone on 14 feb2017 (after 20 days). 2).They suggest me to visit mi authorised Service c...

Person give me mentally pressure for exachang my mobile

Sir. I am medical student in russia bt at that time i am in india for my vecation i will exchange my htc one m9+ (rs.40000) with LG v10(rs.27000) from olx online selling site both mobile's worranty are over i was meet the buyer of my mobile 3 times he show mobile properly. Than. I was say show mobile properly than if you are intrsted to exchange than we will exchange this i am not say forcefull...

How to break Partnership

DEAR SIR, I was in Job and went in to verbal partnership in December 2014. My partner is "financial partner" and he gave me 40 k per month up to February 2016 but he raised form 16 also which is applicable in IT for employees. I am "working partner" but could not be able to touch break-even so far and therefore Money given by my partner is now to liability on me. ( App 7-8 lacs after deducti...

Music-related activity space for commercial use in residence

Greetings, I would appreciate your professional opinion on the following subject: I have a 900 sqft space in the basement of my house, which is in a residential neighbourhood in Bangalore. This space is soundproofed professionally and I intend to use it for the following purposes: 1. Small concerts (seating max 50 people) 2. Live recordings of these concerts 3. Renting out for music...