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HOW TO PROTECT YOURSELF AGAINST UNREASONABLE AND EXCESSIVE DEMAND OF PROPERTY TAX BY MCD ? : THAT WHAT DELHI HIGH COURT EXPLAINED IN “K. L. RATHEE V. MUNICIPAL CORPORATION OF DELHI” (PART-II)

The first remedy is that of Appeal which is provided under Section 169 of DMC Act which can be filed before Municipal Taxation Tribunal ( in short MTT). Here you can challenge the increase of your property tax by giving all the reasons which you think are required to be taken into account by MCD

IF A BANK OR NBFC FILES CASE AGAINST GUARANTOR FOR LOAN RECOVERY THEN THE GUARANTOR CAN SUE THE PRINCIPAL DEBTOR AND THE LATTER IS NOT ENTITLED TO HIS SECURITY UNDER IBC : THAT’S WHAT NCLAT HELD IN “SHREE KUMAR MUNDHRA VS. M/S SPELL ORGANICS LTD. & ORS.” (PART-II)

A Guarantor has several avenues open to him which will be discussed in this article. He certainly cannot be called helpless if he knows how to approach the problem in the right manner.

A DIRECTOR OR EMPLOYER CANNOT BE ARRESTED BY INCOME TAX OR EPFO AUTHORITIES ON THE SOLE GROUND THAT HE HAS NOT PAID PROVIDENT FUND OR INCOME TAX ARREARS: THAT’S WHAT THE KERALA HIGH COURT HELD IN “ALI VERSUS RECOVERY OFFICER, EMPLOYEES PROVIDENT FUND ORGANISATION”(PART-I)

Director’s whole company can be taken from his hand and given to a third party (called Receiver). The Director is completely thrown out from his Company’s management and he cannot run the Company anymore, as the Receiver is the new boss

IF A BANK DISHONOUR YOUR CHEQUE ILLEGALLY, YOU CAN ASK FOR COMPENSATION FROM THE BANK FOR ALL THE LOSSES WHICH YOU FACE BECAUSE OF SUCH DISHONOUR: THAT’S WHAT MADRAS HIGH COURT HELD IN “CANARA BANK VS I.V. RAJAGOPAL”

Contracts are sacrosanct and that is the reason why we keep so much money in the Banks even though it offers dirt cheap interest rates (currently Banks only offer around 7 % of Fixed Deposits, that too if you deposit money for more than One year, which is not even enough to beat inflation let alone giving some savings to a customer) therefore it is the duty of the Banks also to deal with the Customers with utmost honesty and diligence.  

EVEN IF YOU PURCHASE A PROPERTY UNDER THE INNOCENT BELIEF THAT SELLER IS THE OWNER OF THE PROPERTY, THOUGH HE IS NOT, YOU ARE ENTITLED TO GET THE PROPERTY BACK IF THE SELLER BECOMES OWNER AT A LATER DATE: THAT’S WHAT SUPREME COURT HELD IN “JUMMA MASJID, MERCARA VS KODIMANIANDRA DEVIAH”(PART-I)

In these articles we will understand the meaning of the terms like Issueless, Spes Successionis, Absolute Owner of a Property, Life Interest Holder in a Property, Mutation. Also we will know about the rights of a widow without children before Hindu Succession Act and afterwards i.e. today, who is an absolute owner and who is a life interest holder, what is a Separate Property of a person. 

A FORMER PARTNER CANNOT BE FORCED TO PAY FOR ILLEGAL ACTS OF EXISTING PARTNERS: THAT’S WHAT SUPREME COURT HELD IN “M/S JUGGILAL KAMLAPAT V. M/S SEW CHAND BAGREE”

There are innumerable partnership firms which are presently functioning in India. The constitution of these firms change with time as some partners may leave the firm due to disputes or due to new partners entering the firm or may be due to death of an existing partner. In the case of dissolution (read termination) of …

A FORMER PARTNER CANNOT BE FORCED TO PAY FOR ILLEGAL ACTS OF EXISTING PARTNERS: THAT’S WHAT SUPREME COURT HELD IN “M/S JUGGILAL KAMLAPAT V. M/S SEW CHAND BAGREE” Read More »