NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
WHAT HAPPENED TO A VALUER IF PROPERTY BECOME NPA When a property becomes a Non-Performing Asset (NPA), it typically means that the borrower has defaulted on their loan payments, and the property’s value is at risk. For a valuer or appraiser, this situation involves several potential impacts: Revaluation: The valuer might be tasked with reassessing […]
WHAT HAPPENED TO A VALUER IF PROPERTY BECOME NPA: A CASE STUDY Read More »
UNDERSTANDING ESSENTIAL ELEMENTS OF CONTRACT Meaning of Contract: A contract is defined as an agreement enforceable by law. An agreement that is not enforceable by law is not considered a contract. Essential Elements of a Valid Contract Section 10 of the Indian Contract Act, 1872 provides that “all agreements are contracts if they are made
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Saturday Brain Storming Thought (237) 24/08/2024 NOT READILY REALISABLE ASSETS (NRRA) Assets that are not easily convertible to cash and could take an indefinite waiting period for realization are called Not Readily Realisable Assets (NRRA) Regulation 37A 1 of the IBBI (Liquidation Process) Regulations, 2016 It defines NRRA as those assets in the liquidation estate
NOT READILY REALISABLE ASSETS (NRRA):BY-ER. AVINASH KULKARNI Read More »
UNDERSTANDING VARIOUS CLASSES OF HEIRS AS PER HINDU SUCCESSION ACT, 1956 Intestate Succession The Hindu Succession Act, 1956, was passed to amend and consolidate the law relating to intestate succession among Hindus. It extends and applies to all persons, who practice the religion or who are defined as Hindus (Hindus, Buddhists, Jains, and Sikhs) under
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UNDERSTANDING AGNATES, COGNATES, AND COLLATERALS AS PER HINDU SUCCESSION ACT, 1956 Under the Hindu Succession Act, 1956, the terms Agnates, Cognates, and Collaterals refer to different categories of relatives that are used to determine the order of inheritance. Agnates: Relatives connected solely through male lineage. They have the highest priority for inheritance under Hindu law.
UNDERSTANDING AGNATES COGNATES AND COLLATERALS AS PER HINDU SUCCESSION ACT 1956 Read More »
UNDERSTANDING VARIOUS BLOOD RELATIONS AS PER HINDU SUCCESSION ACT, 1956 The Hindu Succession Act, 1956, outlines the rules for inheritance and succession among Hindus. In terms of blood relations, it categorizes them into different degrees, and these are essential for determining inheritance rights. Full Blood: Relatives who share both parents with the deceased and have
UNDERSTANDING VARIOUS BLOOD RELATIONS AS PER HINDU SUCCESSION ACT 1956 Read More »
LIST OF REGISTERED VALUERS IN INCOME TAX DEPARTMENT IN CHENNAI UPTO 23/05/2023 CLICK HERE TO READ FULL LIST
LIST OF REGISTERED VALUERS IN INCOME TAX DEPARTMENT Read More »
MAINTENANCE TO WIFE In India, maintenance, or alimony, is a right that either spouse can exercise if they can prove they are unable to support themselves financially. It’s a financial support that covers basic necessities like food, clothing, and shelter, as well as other needs to lead a normal life. The amount of maintenance is
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SALIENT FEATURES OF THE TRANSFER OF PROPERTY ACT, 1882 • The transfer of property act, 1882 provides a uniform and a clear law concerning the transfer of movable property from one living person to another living person by the act of parties. • The Transfer of Property Act, 1882 is an extension of the Indian
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UNREGISTERED AGREEMENT TO SELL CAN STILL BE ADMITTED AS EVIDENCE: SC The Registration Act, 1908 (Registration Act) plays an important role when it comes to dealing with and managing information related to land and immovable property. Section 17(1) of the Registration Act provides for mandatory registration of certain documents. This mandatory registration safeguards the interests
UNREGISTERED AGREEMENT TO SELL CAN STILL BE ADMITTED AS EVIDENCE: SC Read More »
STAGES OF CHEQUE BOUNCE CASE–STEP BY-STEP 1. ISSUING A LEGAL NOTICE:- The first is issuing a legal notice to the defaulter (Drawer of Cheque). According to Section 138 of the Negotiable Instruments Act, 1881, the holder of the bounced cheque must send a legal notice to the drawer of the dishonored cheque within 30 days
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PUNJAB NATIONAL BANK FAVOURS THE GENERATION OF VRIN FOR VALUATION CONDUCTED BY A REGISTERED VALUER UNDER THE IBC CODE, 2016. NEW DELHI-17/08/2024: One of the largest nationalized banks in India The ‘Punjab National Bank’ favored the IBBI Circular Number IBBI/RV/75/2024 issued on 12th August, 2024 for “Generation of valuation report identification number for valuation conducted