How Banks Recover Debts Through Secured Assets?

The Banks are the life and blood of the economy, their business to provide and infuse credit into the market promote growth which in consequence bring prosperity into the economy. But this form of business of lending may also lead to credit defaulters in the market which consequently damages the credit business. The Banks which … Continue reading How Banks Recover Debts Through Secured Assets?

What Actions Can A Secured Creditor Have Against A Tenant In Possession Of Secured Asset?

In the business of lending, a borrower receives capital from the lender on the basis of any guarantee or security collateral upon which the lender maintains his confidence on such debt. The Borrower in securing its debt creates a charge or mortgage upon the property owned by the Borrower. The Lender has the right to … Continue reading What Actions Can A Secured Creditor Have Against A Tenant In Possession Of Secured Asset?

Awaz Punita Society vs. Reserve Bank Of India And Ors; “How Much Interest A Credit Card Company Can Charge?”

Credit card is an amazing tool for the lenders as well as for its users to avail benefits and advancing digital payments for the people. It helps in providing in ease of making payment in a digital banking system that is flourishing in India. Though a Credit Card is good but in times Banks/Lenders can … Continue reading Awaz Punita Society vs. Reserve Bank Of India And Ors; “How Much Interest A Credit Card Company Can Charge?”

The Bank of New York Mellon, London Branch v/s Zenith Infotech Limited; How a Company Board decision and actions are the cause of dishonesty?

The Companies conduct their business through decision making by its Board of Directors where the Promoters and its top-level executives decide the conduct of the company. The Board gets its power to make a decision as per Section 175 of the Companies Act,2013 and the old Section 289 of the Companies Act, 1956. The controversy … Continue reading The Bank of New York Mellon, London Branch v/s Zenith Infotech Limited; How a Company Board decision and actions are the cause of dishonesty?

How To Recover Your Losses From Banking Ombudsman?

In day to day financial transactions, banking companies and its customer’s interaction can lead to disputes which are impeccable to comprehend in this financial market. A customer aggrieved can after a huge struggle can make the bank pay for its negligence towards its actions. The act of the Bankers might lead to an illegal cut … Continue reading How To Recover Your Losses From Banking Ombudsman?

Methods Of Creating Security Against A Debt.

In this system of competitive markets, a financial benefit by lending money adds high expectation of competition in the markets as well as developing private business and enterprises. Institutions are created especially to grant loans and perform the business of credit in the market which adds fuel to the economy. But this form of business … Continue reading Methods Of Creating Security Against A Debt.

Insolvency And Bankruptcy Code In Brief

Introduction The Insolvency and Bankruptcy Code is a special act related to insolvency proceedings, the act was enacted due to the increase in the number of financial defaulters in India and for smooth insolvency proceedings. The law came into force on 28.05.2016. The Act is enacted with a purpose to regulate the insolvency proceedings in … Continue reading Insolvency And Bankruptcy Code In Brief