A loan contract (loan contract) recognizes that there is a loan, specific broadcasting commitments and also stipulates that the lender is entitled to an appeal (the legal right to claim damages or payment). An example may be a FORECLOSURE. If you want to have a right of appeal, go for a credit contract instead of a prolamissy note. Dear Mr Reddy, I would like to ask for a personal credit case in which I gave 10lakh rupees as a loan to a known person in interest, I took check from him for the same amount signed a fixed paper with indication of the interest rate and the duration of one year for the contract . No clause is mentioned as what will happen after the end of the contart period, nor on penalties or non-repayment clauses of principal and interest . the person had paid regular interest to me in the 1st year and even in the 2nd year with the return of 5 pricipal pricipal. but now for the past two years, he has no interest and the principal in indicating his financial situation is poorly paid. the check he gave is obsolete and because no refund condition fails and penaties is mentioned on the stamp paper.. I can ask him to be interested, and if he denies it, there is nothing I can do about it legally. No party is liable to the other party if and to the extent that it prevents the performance or delay of the performance of one of its obligations under this agreement due to circumstances outside the proper control of that party, restricted: is delayed or disturbed, including, but not limited to, the laws of the state, fires, floods, explosions, epidemics, accidents, acts of God, acts of God, acts of God, acts of God, acts, riots, strikes, lockouts or any other concerted act on the part that claims a major event, must immediately inform the other parties in writing and, as soon as possible, the event , provide complete information about the cause or event and the date of the first appearance, as well as to keep other parties informed of any other events.
The party concerned is doing everything in its power to eliminate the cause of the breach and the parties resume the performance in this case with the extreme shipping if that cause is eliminated. hello sreekanth sir, I need loan format for my client. Please email me. In the “Change of sola” section, it is stated that “””” is the turnover stamp of Rs1 and ……… can be used. Please check this out….. For the change in turnover, the amount of the loan depends on the amount of the loan. According to the Indian Stamp Act, a turnover stamp Rs1// for each Rs.20,000/- required Please check the accuracy Dear Sreekanth, thanks for the response and I also appreciate your response. Still want to know if I do, it is possible, without registratton as nbfc, etc. given by rbi and I can calculate interest on the amount of the loan. So what agreement will be beneficial to me: a. Solawechsel, or/and b.
Loan contract So I have to make this agreement on a stamp paper or can it be executed on a simple sheet with a turnover stamp of 1 rupee. In December 2015, I reimbursed my wife for the remaining $95,000. I made this payment by making money from my U.S. bank account into their U.S. bank account. After that, we both signed on the back of the PN and stated that the loan had been fully paid and that the PN was cancelled (and my wife returned this PN to me). Fortunately, I still have this PN on me. Dear Sandeep, with regard to stamp duty, which sets the amounts and one must consult the relevant stamp rates of the state in which the document is executed.