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
demand
of 2% of the sanctioned loan amount towards prepayment charges
by the respondent No.1 bank from the petitioners. Hence, both
these petitions ... 2020 the respondent
No.1-Bank demanded penal interest @ 2% towards prepayment
charges from the petitioner No.1 in both the petitions. The validity
petitioner created by deposit of title deeds
without demanding prepayment charges / foreclosure
charges and to issue 'No Objection Certificate' in favour of
AXIS ... prepayment is from the individual
sources, the rate applicable is lower and when the
prepayment is by any another financial institution, the
prepayment charges
demand
of 2% of the sanctioned loan amount towards prepayment charges
by the respondent No.1 bank from the petitioners. Hence, both
these petitions ... 2020 the respondent
No.1-Bank demanded penal interest @ 2% towards prepayment
charges from the petitioner No.1 in both the petitions. The validity
agreed to a waiver of Interest or other
charges including prepayment charges. The said amount was adjusted as
follows:-
Towards outstanding dues in
Term Loan ... loss of interest hence prepayment
charge is an industrial practice. Since the plaintiff chose to prepay
immediately after the moratorium prepayment charge was levied
agreed to a waiver of
Interest or other charges including prepayment charges. The said amount
was adjusted as follows ... loss of interest hence prepayment
charge is an industrial practice. Since the plaintiff chose to prepay
immediately after the moratorium prepayment charge was levied
