prepayment made within one year from
17.05.2013 remained unaffected i.e. 5%. It is further denied
that there was prepayment charges if the loans were ... that pre-payment
penalty charges would be 5 %.
40. The main dispute is qua the pre-payment charges
when prepayment was made within one year
claimed Rs.15,104/- as
cheque bouncing charges and other charges and Rs.46,889.49p. as
prepayment charges @ 5.9% on outstanding principal ... does not
Digitally signed
MUKESH
by MUKESH
KUMAR
GUPTA
include the prepayment charges and the Prepayment Statement in
KUMAR Date:
GUPTA
said
circular, the defendant Bank is not entitled to levy prepayment
charges.
WHAT LOSS/DAMAGE CAN BE SAID TO HAVE SUFFERED OR
SUSTAINED ... defendant bank has suffered any loss or damages
on account of prepayment of the loan amount.
I have profit to refer the latest Judgment
outstanding which includes an
amount of Rs.15,536.36p towards prepayment charges, however, plaintiff
bank has not claimed the prepayment charges ... liable to pay a sum of Rs.3,00,974/- (excluding
prepayment charges of Rs. 15,536.36p). As the defendant failed to make
liable to pay a sum of Rs. 4,24,995/- (excluding prepayment
charges of Rs. 22,252.49ps). As the defendant failed to make ... Recovery of total
outstanding amount of Rs.4,24,995/-(excluding prepayment charges), due
as on 29.09.2021, plus accrued interest, has been filed on behalf
Cheque bouncing charges and other : 6,490/
charges(Rs.)
Interest for the month(Rs.) : 87/
Prepayment charges @ 5.725%(Rs.) : 23,190/
Interest in pending installment ... Cheque bouncing charges and other : 5,310/
charges(Rs.)
Interest for the month(Rs.) : 30/
Prepayment charges @ 5.725%(Rs.) : 7,748/
Interest in pending installment
agreement dealing
with prepayment. Further, in the Schedule to the loan agreement,
at Serial No. 16 under the heading "Prepayment Charges ... months, partial prepayment will not be allowed
and the borrower may prepay the entire outstanding loan
together with interest, fees and charges including prepayment
charges
cash credit facility with them, therefore, the
Plaintiff deposited the said prepayment charges plus GST
amounting to Rs. 40,71,000/- to the Defendant bank ... Plaintiff abandoned the limits on
28.02.2019 thus was liable to pay prepayment charges of Rs.
4071000/- thus the defendant is not liable to return
Cheque bouncing charges and other charges - Rs.2,875.00
Interest for the month - Rs.1,209.00
Prepayment charges @ 5.75% at O/S principal ... Cheque bouncing charges and other charges - Rs.4,025.00
Interest for the month - Rs.431.00
Prepayment charges @ 5.75% at O/S principal
2014 has issued directions against the levy of foreclosure
charges/ prepayment penalty on floating rate of loans and has
issued directions that ... advised that banks will not be
permitted to charge foreclosure charges/prepayment penalties
on all floating rate loans sanctioned to the individual borrowers
