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:-
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
issued by
the Reserve Bank of India by which foreclosure charges /
prepayment penalties of term loan sanctioned to individual
borrowers were ordered to be foregone ... total amount of Rs.51,60,89,236/- including the prepayment
charges to the tune of Rs.1,12,55,885/- since
prepayment and therefore pays
interest separately up to the date of payment, that amount is shown
separately as interest and prepayment charges are not collected ... involved in considering the request of the
borrower for prepayment of loan, fixing of prepayment charges, collection of
the same and closure of loan. These
prepayment and therefore pays
interest separately up to the date of payment, that amount is shown
separately as interest and prepayment charges are not collected ... involved in considering the request of the
borrower for prepayment of loan, fixing of prepayment charges, collection of
the same and closure of loan. These
also subject to guidelines issued by regulatory authorities.
The prepayment charges has been made bold and underlined and the same is relevant for the adjudication ... already communicated, property release is subject to deposition of applicable prepayment charges." Being aggrieved, he pressed his contentions vide the letter dated 20.12.2014 that
Baroda had contended that the petitioner was liable to pay prepayment charges. The petitioner disputed such levy and filed the writ petition. The petitioner foreclosed ... circular dated May 7, 2014, not to charge any foreclosure charges/prepayment penalties on all floating term loans sanctioned to individual borrowers, with immediate effect
allowed with directions to
the Opposite Parties to refund the prepayment charges of Rs.3,18,086/-
to the complainant with interest ... amount of Rs.3,18,086/- from
the complainant towards prepayment charges @3% on principal outstanding. It was
further averred that the complainant agitated this
prepayment and therefore pays interest
separately up to the date of payment, that amount is shown separately as
interest and prepayment charges are not collected ... involved
in considering the request of the borrower for prepayment of loan, fixing of
prepayment charges, collection of the same and closure of loan. These
