Advocate Raheel Jameelbaig Mirza

Questions Answered by Advocate Raheel Jameelbaig Mirza

Q: Can a property which is under a loan liability be donated

The property is clearer, The home loan is up to the next 14 years. Can a property be donated?

Advocate Raheel Jameelbaig Mirza answered
If there is an agreement between the creditor and the borrower that the property is mortgaged against the loan provided, then no third party right/interest can be created in respect of the said property without the consent of the creditor. Donation creates third party (donee) right in the property.

Q: Can a person be exempted from paying the bond amount

I had been working in private mnc 4 yrs back. Had signed a bond at the time of joining. I resigned after 4 months of joining due to personal issue. I also received the resignation acceptance letter from the company. Now I have got a legal notice from the company asking me to pay the bond amount since I didn’t complete the required period in the company . What should i do

Advocate Raheel Jameelbaig Mirza answered
Need to study the bond paper & the legal notice.Please send these documents. Need to look into the terms and conditions mentioned in the bond paper carefully. What are the relevant clauses therein? In what circumstances you are required to pay the bond amount? Whether there are any clauses which may in some situations exempt you from such payment? Whether there is any clause which exempts you from such payment in the event your resignation is accepted? Whether such matter ought to have been settled prior to acceptance of resignation? Whether the contract between you and the said entity particularly regarding this clause is legally valid or not?.. etc. need to be examined.