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Yes, you are correct “Discharge in full his liabilities" means to pay all the principal and Interest which is payable up to last EMI. As per the section 31(j) of Sarfaesi Act, 2000, the “amount due” shall mean the total amount of the loan including its interest to be paid thereon should be less than 20% of the actual amount of loan p...
Wazzeer Professional Network
ProfessionalIn Section 13(2) of Sarfaesi Act, The word has written" Discharge in full his liabilities" I think it means to pay all the principal and Interest which is payable up to last EMI. In Section 31 ( J ) writes " amount due" I have gone through Business Dictionary and another dictionary to find the meaning of " Amount Due" the answers were as under 1. Owed at present. It is often used to denote that a deadline for a payment is at hand. For example, a mortgage payment may be due on the first of every month 2..Usually, dues. a regular fee or charge payable at specific intervals, especially to a group or organization: Now it is requested you to please clarify the meaning of Amount Due. Whether this amount is due till to-day or it is up to 15 years ago. I will be ever great full to you.
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Wazzeer Professional Network
ProfessionalYes, you are correct “Discharge in full his liabilities" means to pay all the principal and Interest which is payable up to last EMI. As per the section 31(j) of Sarfaesi Act, 2000, the “amount due” shall mean the total amount of the loan including its interest to be paid thereon should be less than 20% of the actual amount of loan plus interest then this act will not be applicable on that transaction.
over 3 years ago
View answer
In Section 13(2) of Sarfaesi Act, The word has written" Discharge in full his liabilities" I think it means to pay all the principal and Interest which is payable up to last EMI. In Section 31 ( J ) writes " amount due" I have gone through Business Dictionary and another dictionary to find the meaning of " Amount Due" the answers were as under 1. Owed at present. It is often used to denote that a deadline for a payment is at hand. For example, a mortgage payment may be due on the first of every month 2..Usually, dues. a regular fee or charge payable at specific intervals, especially to a group or organization: Now it is requested you to please clarify the meaning of Amount Due. Whether this amount is due till to-day or it is up to 15 years ago. I will be ever great full to you.
-
Wazzeer Professional Network
ProfessionalYes, you are correct “Discharge in full his liabilities" means to pay all the principal and Interest which is payable up to last EMI. As per the section 31(j) of Sarfaesi Act, 2000, the “amount due” shall mean the total amount of the loan including its interest to be paid thereon should be less than 20% of the actual amount of loan plus interest then this act will not be applicable on that transaction.
over 3 years ago
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