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foreclose/prepay his loan before the contracted tenure
of the loan.
iv. Prepayment/Foreclosure charges (as may be
applicable) are levied ... loan outstanding amount
at the time of the prepayment/foreclosure.
v. Levy of such prepayment/foreclosure charges is a
prevailing market practice adopted by most
prepayment charges were levied in accordance
with clause 2.8 of the Loan agreement and
also as per schedule of the charges.
The prepayment were levied ... term, prepayment is to be charged irrespective
whether it is a case of transfer or takeover. The prepayment charges would be levied in
terms
foreclosure charges was illegal. He further
submitted that, the District Forum, after considering the true interpretation
of the words foreclosure charges and prepayment charges, came ... prepayment, and, on all
amounts tendered by the borrower, towards prepayment of loan, during the last
one year, from the date of final prepayment
prepayment at the rate of 1% on
working capital limit plus GST.
4.4) The petitioner objected to such levy
of prepayment charges vide letter dated ... petitioner has paid the
charges, the petitioner has no right to make
any grievance for levy of penal charges for
prepayment of loan and hence
option is to prepay
the same. While exercising the option of prepayment, the first
petitioner will incur a liability of prepayment charges, if it does ... sanction letter dated
January 11, 2013 allows prepayment, without prepayment charges
being attracted, on the first petitioner issuing a 90 days advance
notice
defendant (hereafter called "the bank") as
repayment, or prepayment charges.
2. The plaintiff is involved in the real estate business, particularly ... from the buyers
and depositing the same in the bank.
...... ...... .........
5. Prepayment charges shall be levied only when a company prepays our loans by
borrowing
certificate
in favour of the petitioner without imposing any
foreclosure/prepayment charges and/or penalties.
Learned Advocate appearing for the petitioner has
submitted that ... rejection of the writ petition therein assailing the
imposition of prepayment charges on such petitioner
prepaying the credit facilities, is not attracted in the facts
respondent, whereby the respondent has called upon the petitioner to
remit prepayment charges of ₹9,06,64,095/- plus applicable service
tax in respect ... petitioner on
28.09.2016. The petitioner claims that the demand of such prepayment
charges is arbitrary and unreasonable as the respondent had agreed to
waive such
that no such amount
was recoverable from the complainant, as the prepayment charges
and the opposite party by recovering those charges were deficient in
First ... Borrower shall, at the time of such prepayment,
not be liable to pay any prepayment charges if
the loan has been repaid from
charges as Rs.1,200/-,
interest till date of prepayment as Rs.2,824/-, prepayment charges
as Rs.41,250/- calculated at the rate ... Borrower shall,
at the time of such prepayment, not be liable to pay
any prepayment charges if the loan has been
repaid from
