Tuesday, November 6, 2018
Credit card , Dubai case Malayala manorama
Thursday, November 1, 2018
SARFAESI: Borrower/Debtor Can File Securitisation Application At The Stage Of The Possession Notice, Holds SC
SARFAESI: Borrower/Debtor Can File Securitisation Application At The Stage Of The Possession Notice, Holds SC
Read more at: http://www.livelaw.in/sarfaesi-borrower-debtor-can-file-securitisation-application-at-the-stage-of-the-possession-notice-holds-sc/
Tuesday, October 2, 2018
കേരളത്തിലേതടക്കം 4230 ബാങ്കിങ് ഇതര ധനകാര്യ സ്ഥാപനങ്ങളുടെ ലൈസന്സ് റദ്ദാക്കി ആര്ബിഐ; കച്ചവടം പൂട്ടുന്നവരില് കൊശമറ്റവും കുറ്റൂക്കാരനും പോപ്പുലറും അടക്കം 58 കേരള സ്ഥാപനങ്ങളും
കേരളത്തിലേതടക്കം 4230 ബാങ്കിങ് ഇതര ധനകാര്യ സ്ഥാപനങ്ങളുടെ ലൈസന്സ് റദ്ദാക്കി ആര്ബിഐ; കച്ചവടം പൂട്ടുന്നവരില് കൊശമറ്റവും കുറ്റൂക്കാരനും പോപ്പുലറും അടക്കം 58 കേരള സ്ഥാപനങ്ങളും; പാവപ്പെട്ടവന്റെ പിച്ചച്ചട്ടിയില് കൈയിട്ടുവാരിയ കോടീശ്വരന്മാരായ വെള്ളക്കോളര് ബ്ലേഡ് കമ്ബനി മുതലാളിമാര്ക്ക് നിനച്ചിരിക്കാതെ പണി കിട്ടിയതിങ്ങനെ; പ്രതിസന്ധിയിലാകുന്നത് മുണ്ടുമുറുക്കിയുടുത്ത് പണം നിക്ഷേപിച്ച അരപ്പട്ടിണിക്കാര്
http://dhunt.in/4LUWd?s=a&ss=wsp
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ആപ്പ് ഡൗൺലോഡ് ചെയ്യുക
http://dhunt.in/DWND
Saturday, September 15, 2018
Demonstration By Bank Officials In Front Of Defaulter’s House Violates His Right To Privacy: Kerala HC
Demonstration By Bank Officials In Front Of Defaulter’s House Violates His Right To Privacy: Kerala HC
Read more at: http://www.livelaw.in/demonstration-by-bank-officials-in-front-of-defaulters-house-violates-his-right-to-privacy-kerala-hc/p
Consumer Protection Act Not A Tool To Create ’Nuisance Value’ In Govt Offices: NCDRC Asks Unemployed Youth To Give Rs 100 In Charity For Seeking Rs 87cr In Damages From Employment Exchange
Consumer Protection Act Not A Tool To Create ’Nuisance Value’ In Govt Offices: NCDRC Asks Unemployed Youth To Give Rs 100 In Charity For Seeking Rs 87cr In Damages From Employment Exchange [Read Order]
Read more at: https://www.livelaw.in/consumer-protection-act-not-a-tool-to-create-nuisance-value-in-govt-offices-ncdrc-asks-unemployed-youth-to-give-rs-100-in-charity-for-seeking-rs-87cr-in-damages-from-employment-exch/
Sunday, August 5, 2018
under OLD rules, banks used to make Customer liable for all the transaction carried out (Genuine or fraudulent) until the time of reporting of loss of card / fraudulent transaction.
Hi,
Wanted to update you about something good and important.
So far, under OLD rules, banks used to make Customer liable for all the transaction carried out (Genuine or fraudulent) until the time of reporting of loss of card / fraudulent transaction.
Now (in fact, from 6-July-2017), RBI has circulated NEW RULES. These apply for all card (Debit/ Credit / prepaid), Netbanking, e-Wallets / Payment Bank Account, fund transfer Transactions. Here is the quick summary:
1. Customer MUST be notified of every Transaction via SMS AND ALSO email.
2. Customer liability is ZERO, If there is a security lapse / shortfall or negelgence of the bank system / process, IRRESPECTIVE , whether customer has reported the loss or not.
3. Customer liability is ZERO, if the loss / fraudulent transaction is reported in 3 WORKING days, EXCLUDING the day of receiving Transaction notification / intimation / communication by the bank.
4. If the loss / fraudulent transaction is reported in 4 to 7 working days, MAXIMUM liability of the customer is 10,000 (TEN Thousand only) for most of the cases / Account / card holders (i.e. up to 5 lakhs) and max 25,000 for all other.
Full circular is here:
https://m.rbi.org.in//scripts/notificationuser.aspx?Id=11040&mode=0
That's really a very big relief.
PS : please share with your friends and spread the awareness.
Sunday, July 8, 2018
MSME unit it is a priority lending sector by a Government Policy to bring about Economic Development of The Country.
How Stupid our Judiciary can become, I will prove to you.
For a MSME unit it is a priority lending sector by a Government Policy to bring about Economic Development of The Country.
1. Banks are give Projections if a Business
2. Banks on being convinced fund upto 75% of the Business
3. So Banks are a major partner in the Business gor the welfare of the Country
4. Business is like a ship. If holes develop it does not sink overnight unless there is a hurricane like Lehman Brothers.
5. Banks are aware of the holes because the Account of the Business is with them.
6. A major shareholder keeps his head in the hole ignoring all symptoms of a likely default and takes no corrective action. Why ? The Stakes are Higher for him?
7) He purposely waits till the Business collapses.
8) Then Comes the Dissection. The Butchers Kinfes are Out sharpened at the Altar of Drts. Debt is recalled. But Debt went to create Asset for the Country. So what? Banks want their Money. They killed the MSME in the first instance and now they want their Money with interest. The very ethos of the Prime Objective of the Country is forgotten.
9) The Judges are not even a semblance of King Solomon. They without Batting a Single Eyelid, Pass Orders for the poor MSME promoter to deposit 50% of the Debt and Interest demanded by Bank, who had created that situation in the first place.
10) How can a minority 25% share holder in the Business , whose 25% has already eroded, bring in 50 %? An impossible task.
11) The final noose is tightened around the neck of the MSME entrepreneur .
12) Who looses? The Entrepreneur and the Labour and the Country.
13) The Judges who handle the mantle of the Sword , a their unimaginable and ignorance of the MSMED Act with one Strike of 50% bring about the complete death of the MSME. Their Order “ Pay 50% and then We The Gods” will hear You” Do they realise that Dead Bodies do not Speak. Can They?
14) Are the Judges the Upholders of the Law or Complicit Humans of an illegal action of the Bank who by their reckless actions and purposeful ignorance of the MSMED Act and the Mandatory Guidelines of The RBI go Scot free to squander Public Funds on Mallaya and Modis, making the Poor MSMEs a sacrificial Goat ?
15) The Goat goes to the Temple of Justice clutching the finger of the Advocate, hoping to survive a death, little knowing that to save that death he has to kill himself because the Keeper of Justice demands 50% of his Bones and Blood. Without dying can this Order be Executed?
15) Is this Justice?
16) Misery they name is Poverty. Why put up a facade of MSMEs when your real motive is Mallaya and Modi? Right from Every Big Industrialist past or present they have looted the system and all persons in the system have made personal fortunes. The MSME Goat was fed by the System to be Sacrificied on Eid.
Believe me after the Goat is Sacrificied the Flesh and Bones are exchanged as blessings of God for the penance of the Fasting that the Bank did. During the day the Bank ate no interest but at night are a compounded interest. Sarfaesi and Justice are the Knives of their Armour, the Goat is not aware of. They give the Goat Green Grass, knowing very we’ll that the future holds a fat prize for them. Money begets More Money. The Goat Dies. Who Cares?