One of the best Advocates & Lawyers in Mumbai - Advocate Bankim Mehta

Advocate Bankim Mehta

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LawRatoFort, Mumbai
LawRato21 years Experience
Practice Areas
Banking / Finance, Bankruptcy / Insolvency, Breach of Contract, Corporate, Documentation, Media and Entertainment, NCLT, Property, RERA, Succession Certificate, Wills / Trusts
Language(s) Spoken: English, Gujarati, Hindi, Marathi
Advocate Bankim Mehta has been practicing and handling cases independently with a result oriented approach, both professionally and ethically and has now acquired excellent professional experience in providing legal consultancy and advisory services.

Advocate Bankim provides services in various fields of Corporate Matters, Documentation Matters, Banking/Finance Matters, Property Matters, Wills/Trusts Matters and drafting and vetting of various agreements and documents. Bankim Mehta, a Commerce graduate is also a qualified Company Secretary. He has completed his L.L.B. degree from Mumbai University. He has also completed his post graduate diploma in Securities Law.

Advocate Bankim has an expertise which lies in setting up of Private Equity/ Venture Capital Fund, Advising International Companies in setting up their Business in India, Registration of FII’s and their Sub-accounts with SEBI, appearance before SEBI, providing Strategic Advisory Services to Indian Companies for setting up their Business abroad, Advising on External Commercial Borrowings and Foreign Currency Convertible Bonds, Mergers & Acquisition, De-mergers, Takeover, representing before BSE and NSE Arbitration Proceedings, Formation of Indian Company, drafting of various commercial documents including Loan License agreements, agreements and legal documents.

Advocate Bankim enrolled with the Bar Council of Maharashtra and Goa in 2003.

Enrollment Number : MAH/3150/2003
  • City Civil Court, Mumbai
  • Court of Small Causes, Mumbai

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Questions Answered by Advocate Bankim Mehta

Q: Is 35 years old agreement valid when the seller died 22 years ago

My grand father done one development aggrnemt with on of developer 35 years back and grandfather passed away 22 years back and now he is asking to do new aggrnmet with old rate and we as a family member now we don't want give our land to that developer. After development he has not done any development on that land. Is their their old development aggrnment will work for today's work can he start doing construction on that same land with out heriterty permission?

Advocate Bankim Mehta answered
We will require to study the terms on which the agreement was executed, until then it will be inappropriate to reply. What arrangements were agreed between your father and the developer needs to be thoroughly scrutinised in order to guide you in a right direction, cause it is a matter of 35 or 22 years old.

Q: Does registration get cancelled if buyer could not make payment

I sold out my flat in 30.5 lacs in which buyer paid me 14.5 lac. rest 16 lacs will be paid by bank as he has requested for home loan and after issuing the sanction letter we have registered the flat and mention the clause in agreement within one month the bank will disburse the balance amount to me. Now bank is saying they stopped funding new case and disbursement is closed now. what should I do now?

Advocate Bankim Mehta answered
It will be the responsibility of the buyer of the flat to pay you the balance or arrange for the same by applying to the other Bank. If he does not make you payment, then you can file suit for against the buyer for recover of balance amount or cancellation of agreement or for eviction.

Q: Should company equity be divided with silent partners

I had an idea and approached a friend. He advised me to make the product more technical and since one year both of us have been preparing the product. Now the product is ready. He recently told me he would not be coming back from Germany now. Now that the product is ready its all upto me to find funding, execute, expand and everything from now on. His job would be limited to product refinement and upgradation if required and would be further zero after we hire a tech team. We are discussing how much equity should we both share? As he developed the product and has stepped aside. Should he be given equal equity as me who will life long be working on the project?

Advocate Bankim Mehta answered
Without him you would not have been able to develop a product and further until you find a tech person he will also help in refining the product. But I understand that subsequent to that he will have no role to play and all other and further efforts will be done by you for sustenance and making it successful. So as far as to issue him equity shares many parameters requires to be considered so that even the other founding partner be rewarded appropriately. Though this is a commercial call which you have to take, taking into confidence your other partner. What I feel could be reasonable will anywhere between 20-30% shares. But then you need to decide whether to issue 10% or 20% or 30% or 40% etc.

Q: Is it advisable to buy a flat having only part OC

Dear sir , First of fall , thank u for such online platform . actually i seen one flat in building which is 14 years old .This flat having part oc . so can i consider this flat is legal ? Is their any problem to purchase this flat ? I mean 14 year buiding still why they dont have full oc ? Can i buy this flat ? Thank u once again

Advocate Bankim Mehta answered
There are many other options available in the market and at a better price, then why you want to buy a flat where the building has received only part OC? If you still intend to buy then check upto which floor the OC is received and whether the flat you intend to purchase is at the floor that has received OC? Buy the flat only on the floor that has received OC and also only if you are getting at the best offer price as compare to the property available in the market. Else, do buy.

Q: I am surety to my friend for a home loan and he is not paying EMIs

I am guarantee to my friend for two home loan, Now he is not paying his emi regularly. He is earning well 50k p. M. In spite of taking strong action against him, Bank person coming to my house and harrashing me. This has damaged my CIBIL badly soI am not able to get loan for my need. Suggest what to do.

Advocate Bankim Mehta answered
This is the biggest mistake you have ever done. Law is very clear as to if the borrower does not pay the lender can recover money from the guarantor. So either you pay the loan amount and get things settle with the Bank and then independently recover money from your friend and if does not pay then take legal action against him or else you ask your friend to repay pain amount

Frequently Asked Questions about Advocate Bankim Mehta

Can Advocate Bankim Mehta represent me in court?

Yes, Advocate Bankim Mehta can represent you in court. The lawyer is trained to present your case in the most effective way possible.

What should I bring to my initial consultation with Advocate Bankim Mehta?

When you meet with Advocate Bankim Mehta for an initial consultation, it is important to bring any relevant documents or information with you. This may include documents related to your legal issue, such as contracts or court orders, as well as any other relevant information, such as a list of questions or concerns you have about your case.

How do I prepare for my initial consultation with Advocate Bankim Mehta?

Before your initial consultation with Advocate Bankim Mehta, it can be helpful to think about the specific legal issue you are facing and any questions or concerns you have about your case. You should also gather any relevant documents or information that you think may be helpful in understanding your situation.

What should I expect during my initial consultation with Advocate Bankim Mehta?

During your initial consultation with Advocate Bankim Mehta, you can expect to discuss the specific legal issue you are facing and the details of your situation. Lawyer will ask you questions to get a better understanding of your case and will provide you with information about your legal options and any potential outcomes.

How do I communicate with Advocate Bankim Mehta?

It is important to communicate with Advocate Bankim Mehta regularly to stay updated on the progress of your case and to discuss any new developments or concerns you may have. You can communicate with the lawyer through phone calls, emails, or in-person meetings.

How much does it cost to hire Advocate Bankim Mehta?

The cost of hiring Advocate Bankim Mehta can vary widely. Some lawyers charge hourly rates, while others charge a flat fee for their services. Some also offer free initial consultations to discuss your case. Kindly contact the lawyer directly to enquire about the fee.