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
during the currency of the facility for the relevant period.
17. Prepayment charges shall be applicable as per circular. The Company
shall have the option ... applicable circular that is to say in the event of prepayment,
prepayment charges are applicable. The appellants/writ petitioners
cannot allege uncertainty in that portion
such claim. The plaintiff
however was compelled to pay penal and prepayment charges to the
defendant in order to ensure that the plaintiff could avail
credit, bank guarantee charges,
commission and process fee along with prepayment penalty charges.
8. Mr. Vikas Baisya, Learned Advocate, representing the plaintiff submits
that ... from the defendant bank to any other Bank/financial institution,
levying prepayment charges, all the concessions in rate of interest and
service charges granted
extent of Rs.76,11,984/- on account of repayment charges for early foreclosure
of the loan amount.
2. The plaintiff has also prayed ... only on account of prepayment charges @ 2%
plus GST on the loan amount is illegal, null and void and contrary to
the terms
cost of money to WBFC is 13% per annum, it charges generally 14% from the borrower
keeping a margin for 1% for itself ... interest goes down to 10% and the borrower of WBFC makes
prepayment, still then, WBFC will have to go on making payment of interest
Wales vs Tilley. on 18 May, 1942
Equivalent citations: [1943]11ITR1(CAL)
JUDGMENT
Their Lordships
Southend Autotech India Pvt. Ltd. And ... vs West Bengal Financial Corporation And ... on 14 January
Mt. Attormoni Dasi And Anr. vs Ramesh Chunder Bose on 22 July, 1930
Equivalent citations
Motichand And Anr. vs Fulchand And Anr. on 13 July, 1898
Equivalent citations: (1899)ILR
