Special Report on
Negotiable Instrument Act
Negotiable Instrument Act - Trends
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The economy can be divided in the entire spectrum of economic activity into the real and monetary sectors. The real sector is where production takes place while the monetary sector supports this production and in a way is the means to the end. We know and we accept the financial system is critical to the working of the rest of the economy. In fact, the Asian crisis of the nineties, or for that matter what happened in Latin America and Russia subsequently and also Dubai Crisis have shown how a fragile financial sector can wreak havoc on the rest of the economy. Therefore the banking sector is crucial and we want to express ...
I had applied for a personal loan in the above bank/branch for Rs 60000/- in June’2006 to get registration of my flat. But the bank sanctioned a loan of Rs 28000/- which I deny to take at branch office. Mr.Bidyut the guy who was representing my file told me that this is a partial approval and after 3 successful EMI paid you will get another Rs 20000/- without any increase in the present EMI. Further you will get another Rs 55000/- as pre approve loan after the completion of 6 EMI’s whose EMI will start after completion of your first loan of Rs 28000/-. I ask for the written document ... Read More
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NEGOTIABLE INSTRUMENT ACT
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