Hrm in cooperative banks in india

Nature Of Stability Strategy A firm following stability strategy maintains its current business and product portfolios; maintains the existing level of effort; and is satisfied with incremental growth. It focuses on fine-tuning its business operations and improving functional efficiencies through better deployment of resources.

Hrm in cooperative banks in india

This judgment was sent to us by Mr. Sanjay Jain, one of our clients from Nagpur. The said judgment has been reproduced in full below.

The history of our journey past 8 years has been given below. There are several other contentions which we are fighting past 24 years e. We are not surprised because the Indian Judiciary is ranked 74th in the world i. As per Justice Krishna Iyer inwe are years behind. The entire democracy depends on how soon Indian Judiciary is improved.

The public will have to fight for real freedom.

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The silver lining is that the persons like Swami Ramdevji, Anna Hazare, Kejriwal have spearheaded this fight. Technology is also helping e. Anyway, the said history regarding OA Dismissal is as under: Since then we have prepared such applications for several of our clients all over the country.

We have been repeatedly emphasizing that as soon as the Securitisation Act is invoked and if there is OA pending or OA is initiated, the same should be dismissed. In such circumstances, we have been advising our clients accordingly. A comprehensive article reproduced below has been prepared by Mr.

Sharma, ex-GM Law and our Associate. The concepts propounded in this Article have been used by us to prepare and contest relevant application for OA Dismissal. Accordingly for our several clients, we have prepared such applications. The said applications were first opposed by their advocates.

After filing, the same were opposed by the banks.

Hrm in cooperative banks in india

The DRTs also could not decide the same. Now our such contentions have been proved by the Patna High Court vide their judgment delivered on The entire judgment is reproduced on this web site vide link: This judgment in its Para 19 clearly mentions about both the judgments of Patna High Court.

New Police Line, Patna ……………………………… Suffice is to notice that loan account of petitioner was classified as NPA on Barely two months thereafter, i.

The said application was registered as O.

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Simultaneously, petitioner also raised a preliminary objection in O. The appeal of the petitioner namely, S.

Petitioner, accordingly, filed his objection on This reply has given a cause of action to the petitioner to approach this Court raising a pure question of law as to whether after initiation of a proceeding under SARFAESI Act and during its pendency, Bank has any authority to initiate a proceeding before the Tribunal under Section 19 of the DRT Act or not.

Hence, he submitted that, once the Bank has initiated a proceeding against the petitioner under the SARFAESI Act, it was debarred from initiating any other parallel proceeding under the DRT Act for realization of any amount of the same loan, till it exhausts all the steps laid down in Section 13 of the former Act and in particular, sub-section 4 thereof.

In view of the pure question of law raised by learned counsel for the petitioner in the case, learned counsel for the Bank did not propose to file any counter affidavit.

However, the DRT did not provide for assignment of debts to securitization companies. The secured assets also could not be liquidated in time.

In order to empower banks or FIs. The NPA Act removes the fetters which were in existence on the rights of the secured creditors. The NPA Act proceeds on the basis that the liability of the borrower to repay has crystallized; that the debt has become due and that on account of delay the account of the borrower has become sub-standard and non-performing.

These two enactments provide for cumulative remedies to the secured creditors. By removing all fetters on the rights of the secured creditor, he is given a right to choose one or more of the cumulative remedies.

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Hrm in cooperative banks in india

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