Advocate Jai Patil
Advocate Jai enrolled with the Bar Council of Karnataka in 1999. He is a member of the Karnataka High Court Bar Association.
Enrollment Number : KAR/4039/1999
- Bangalore District Court
- Chief Metropolitan Magistrate Court, Bangalore
- City Civil Court, Bangalore
- Debts Recovery Tribunal (DRT) Bangalore
- Karnataka High Court
- Karnataka State Consumer Dispute Redressal Commission, Bangalore
- National Company Law Tribunal (NCLT), Bengaluru
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Questions Answered by Advocate Jai Patil
Q: Can majority stake holder[51%] dilute share of [49%] without consent
Can majority stake holder[51%] dilute my share [49%] without my consent? … can i say that "value the company correctly or shutshop as i dont agree to raising money at unfair dilution" The agreement does not mention anything about such a scenario
Advocate Jai Patil answered
HiThe Companies Act, 1956, provides that matters before the shareholders may be approved by a simple majority vote - more than 50% vote - or a special majority vote - at least 75% vote. For example, declaration of dividend requires only a simple majority vote, while a change of company's name requires a special majority vote.In a 50:50 joint venture, reserved matters are 'generally' not provided. This is because a partner cannot pass a resolution with his 50% vote - he will need the vote of the other partner. To that extent, both partners are sufficiently protected.However, the situation in a 51:49 venture is different. A 51% partner is in a position to pass all matters that require a simple majority. The consent of the 49% partner is required only for matter requiring special majority. In a 76:24 venture, the situation is such that the majority partner is in a position to get all matters passed without the consent of the minor partner, irrespective of whether they require simple or special majority.
Q: Builder offering refund in place of possession
As per the agreement, we have paid Rs. 4620000 and have to pay the balance. When we requested the builder to provide the documents to avail housing loan, he is now refusing to sell the flat to us. He now shares that he has no intention of selling the flat to us and would return our money. We have no intention of taking back our money but are inclined to have our own roof in that locality. How should we proceed further
Advocate Jai Patil answered
HiIf u have entered in to an agreement of sale, u can file a suit for specific performance and pray the court to direct the builder to receive the balance consideration and execute the sale deed. Simultaneously u can obtain an interim order to restrain the builder from alienating/creating third party rights till the disposal of the suit.
Q: Builder project over-delayed and no penalty paid till now
Builder has told project will complete in August 2016, as per agreement if it is not done so after 3 months i.e from Nov onward they will pay penalty. But neither they completed the project nor they are paying penalty. I have email reply from builder saying they will not pay penalty. In a month 2-3 days they work remaining day project progress is zero. They have sold almost 124 flats from 128 Flats . everyone is in dilemma what to do now. Since project is completed more than 70% , not sure how RERA will help in this case. Under RERA builder application is in query. We as consumer are paying loan interrest and hosue rent and it is causing over burden. Please suggest best possible way to handle this situation and give a tight lesson to the builder. So that no other customer will suffer again.
Advocate Jai Patil answered
HiFor the delay in delivering the flat, u can approach consumer forum for deficiency in service and seek compensation and u can also claim the interest which u would have paid to the bank. In addition if u are willing to pay court fee u can seek damages from the builder from the civil court.
Q: How can I settle a cheque bounce case if I have no money?
Hello sir because of my health i am not able to pay my loans and credit card payment from one year now bajaj finance has called me from police station and telling to settle the amount but my health is not good i have a kidney shrinkage so i cant work i dont have money to settel what should i do plese help
Advocate Jai Patil answered
hIU can request the bank to grant some time and convince them that you would pay the same on future dates and file a compromise petition to that effect or if u do not have the funds now or in the future also u have move the civil court to declare urself insolvent.
Q: Legal procedure to recover money from borrower
Borrower is govt employee and owns home on loan as well. Borrower took money from me for personal commitments and failed to repay. Which evidence can make lender more stronger to recover money from borrower. the primitive thoughts are promissory note is that enough??
Advocate Jai Patil answered
HiIf the payment is made through cheque u can produce the bank statement for having made the payment, if the same is by cash, the cash receipt can be produced. If any mail/letter correspondences are made wherein the borrower has acknowledged the debt the same can be used.
Frequently Asked Questions about Advocate Jai Patil
Can Advocate Jai Patil represent me in court?
Yes, Advocate Jai Patil 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 Jai Patil?
When you meet with Advocate Jai Patil 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 Jai Patil?
Before your initial consultation with Advocate Jai Patil, 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 Jai Patil?
During your initial consultation with Advocate Jai Patil, 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 Jai Patil?
It is important to communicate with Advocate Jai Patil 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 Jai Patil?
The cost of hiring Advocate Jai Patil 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.