Advocate Pranesh

Questions Answered by Advocate Pranesh

Q: What is the meaning of Drawing Power in CC A/c

Dear Sir, Pls tell the meaning of Drawing Power in CC A/c . Also tell example and its logic. Can't understand sir.. Thanks 2) Pls tell the what is the relation of stock of a company with CC A/c ?? Can't understand.

Advocate Pranesh answered
CC A/c is short name for Cash Credit account, which is open by giving some collateral security to the Bank. It is a type of loan account in which Bank sanction a loan account in which limit is fixed for withdrawing for business use. The rate of interest is charged on monthly rest amount. The other security is taken by bank as Hypothetication of all stock of the company . If the company does not pay the EMI, Bank can issue notice to the company and can sell all stock of the company to recover the loan account.

Q: What to do if my husband want to take divorce

Me & my husband have compatibility issues & i have issues with my life n laws due to their extreme interference in our relationship. During a fight i told my in laws & husband that we should re considere our marriage followed by a verbal fight with my husband in which i also said a lot of things to him. Now due to this he is also adamant for divorce. On what grounds can he file divorce? He does not take any financial responsibility of mine. Once he tried to hit me & i called police. On my part also there is one mistake that i wrote something bad about his family & him & they found it out. It was related to some vastu tips for encouraging love between husband & wife. They say its black magic. I did not do anything. Moreover my husband & in laws treat me indifferently by not eating food i make , not talking to me for days whenever i hv any verbal argument with any of them. Plz suggest

Advocate Pranesh answered
You can file suit under section 9 of Hindu Marriage Act, 1955 to restore your conjugal rights. As per your case History your Husband do not have any ground for filing divorce. Even if he files you can fight the case in court.

Q: Procedure to enter into post dispute arbitration agreement with bank

Hi, We have a dispute with bank but there is no arbitration clause in the loan agreement. I understand that both parties need to enter into written agreement for arbitration. Assuming, bank is also open to arbitration, what is the process to enter a post -dispute arbitration agreement and what are the things we should be careful about. Thanks for comments.

Advocate Pranesh answered
If there is no arbitration clause, both parties can settle the dispute through legal aid services DLSA and can settle the dispute If the parties are willing to settle during pendency of case then also they can request the judge for meditation

Q: Remedy as defaulted in payment of 4 instalments due to loss of job

Sir, maine Rs. 90000 ka personal loan tha jiski 13 installment di maine aur job loss ki wajah se 4 installment pending ho gayi, ab recovery agent kah raha hai full payment do ya court aa jao... Agent ne kaha mujhe jail bhi ho sakti hai ... Main kya karun

Advocate Pranesh answered
Your loan can be regularized, Bank can only file recovery suit in civil court. you have not mentioned the name of bank. you can contact me if any summon comes from any court. Bank can not get any warrant against you, you can approach police if recovery agent harass you

Q: Is accusation of Rape enough for conviction or is evidence needed?

Mere frnd ki bhabi n apne sas pr dahj or apne pati or sasur or mere frnd pr teno pr rape ka case lga dia jutha mera frnd abi jail m h so i want to know ki kya sirf FIR k behalf pr mere frnd ko saza mil skti h kuki uski bhabi k pass bi koi prof ni h asa jisse mera frnd pr case sach sbit ho to ase m judge ka kya decision ho skta h

Advocate Pranesh answered
No The court will appreciate the evidence lead by the the prosecution so you need to handle the case properly particularly the evidence part, first you will have to take bail. No court will leave without trial any accused even if it is a false case. You all will have to face trial.