Legal questions on Business Law

Urgent suggestion on loan repayment failure

Hi, While starting my business I have taken a loan of approx 8.5 lacs from my cousin on interest in 2015. I was a beginner at that time so i was having no idea about market interest , so i committed interest rate whatever he has asked . Since 3 years he has taken approx 8.20 lacs with me in different credit card bills and account. My business is going in loss and I have other liabilities al...

Hi, I am in urgent need of Professional Help!

I joined a company as Digital Marketing Manager on 1st March, 2018. I worked day & night and got 2 websites ready in 25 days. Based on this performance he offered me the Directorship of 5% for my department. It was all verbal and decided that the directorship will on profit sharing basis without any investment. I was officially introduced as the director but without the shareholding on 12th May...

Delay condoned for Filing Appeal in Sec 34 of Arbitration Act

Limitation condoned by high coirt even after available of sufficient evidence available on record, because of non exhibition of some submitted important evidences . The dispatcher of arbitrator [ being msefc {msmed act}] sent the linked 2 arbitral awards copy in single envelope with single registered post. Now a photo copy of dispatch register of arbitrator, the receipt of registered post, c...

कितने ‌‌‌‌‌वक्त में जमानत होगी, कितना खर्चा आएगा???

मेरा भाई 2 साल पहले नोएडा की एक कंपनी में काम कर रहा था कंपनी ने गुजरात के किसी व्यक्ति/व्यापारी से किसी प्रोजेक्ट बोल कर व्यापारी से 4 करोड़ रुपए किसी तरह ले लिया और उसके बाद कंपनी मालिक कंपनी बंद कर के भाग गया अब 2साल बाद गुजरात CBI ने मेरे भाई और उसके साथ जो कुछ लोग कंपनी में काम कर रहे थे 15-16 लोगों को पकड़ लिया है।। इसमें case क्या बनेगा? धारा क्या लगेगी? जमानत कैसे होगी? जमानत कितन...

Re-Fund Money to client issue

Hi Concern, I am a business owner, recently I acquired a client, We are into digital marketing services, we have taken him on a three month contract basis, he paid us 39500 + GST 18%, we have done 20 days of work with him, we went on 3 personal meetings with him as well, we modified the work according to his concern and we did it, now he said he didn't like our efforts, so we worked 20 days,...

Need help

Hello Sir's I was a paid director of 1 company which was a subsidiary of one international company based Hong Kong. And that company was a subsidiary of one Indian big company (not in books) So that big Indian company took OD limit of 4 cr from SBI bank on putting of their corporate grauntee and 2 property of their friends and mine signature of director and shown my net worth of 16 lacs ...

Unconscionable lending contracts with banks

I am a representing a business. I have a client who has a lending agreement of $5 million. The agreement looks absolutely one sided to me in favor of the banks. And he has started to default on the agreement repayment. Are you able to review and give me advice on the agreement? I can send the loan facility agreement. The banks are now ready to file a case against my client and I need to do some...

Regarding Termination by a company.

Sir,Ma'am, I recently started working in a company of bpo sector and I was a fresher when I joined the company. I have worked for 2 months in the company. In the first month it was all good but in the second month I the team leader(TL) became like enemy as I had opposed his wrong actions as he was misusing his authorities. On the day when I reached office then TL said that you will not login ...

Company release and pf

Hi, Iam working now with an MNC and while working here for 8 months suddenly I got to know my previous company has denied my release while they have sent the release letter via mail and also in courier,I have tried talking with the personnel of my previous company in person but not getting any solution,My previous company is now telling me that during the period I worked I had done some discre...

Money lending act karnataka

Sir, I am from karnataka, i have taken a hand loan of rs. 1lac in year 2013, at the rate of 3%, but after 15 days of getting the loan he came and took a writing from me with thumb impression and asked to mention interest rate as agreed without mentioning the exact interest rate as per agreed, once he got it he asked me to pay 6%, when I refused he asked to pay back the principal amount with 500...