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Truth behind The Land Case Oppisition Opens Up
July 28, 2007, 2:10 pmBanks cannot use force to recover loans: SC
July 28, 2007, 12:21 pm
Holding that banks cannot employ force to recover loans, the Supreme Court today refused to stay an order of the consumer forum directing ABN AMRO Bank to pay Rs 71,223 to a woman whose vehicle was allegedly forcibly seized by the bank.
"But whatever, it is, you cannot employ force to recover the loan. You have to go by the law," a Bench of Justices B N Aggrawal and P P Naolekar, observed, while refusing to stay or quash the order.
The Bench, however, asked the complainant to file her reply on the special leave petition filed by the bank challenging the consumer forum's order.
The woman Sangeeta Srivastava had moved the district consumer forum challenging the alleged forcible seizure of her Tata Indica car by the bank for default in payment of the loan instalments.
According to Sangeeta, she had availed an auto loan from the bank in 2001 and regularly paid the EMI of Rs 7,427 till July 2002. Due to financial difficulties, she claimed to have defaulted for four months to the tune of Rs 21,741.
Though she offered to make pay of the defaulted amount, the bank sent some people to her house and got the vehicle forcibly seized, the woman alleged.
The seized vehicle was, thereafter, auctioned and sold by the bank.
Courtesy : Expressindia.com
"But whatever, it is, you cannot employ force to recover the loan. You have to go by the law," a Bench of Justices B N Aggrawal and P P Naolekar, observed, while refusing to stay or quash the order.
The Bench, however, asked the complainant to file her reply on the special leave petition filed by the bank challenging the consumer forum's order.
The woman Sangeeta Srivastava had moved the district consumer forum challenging the alleged forcible seizure of her Tata Indica car by the bank for default in payment of the loan instalments.
According to Sangeeta, she had availed an auto loan from the bank in 2001 and regularly paid the EMI of Rs 7,427 till July 2002. Due to financial difficulties, she claimed to have defaulted for four months to the tune of Rs 21,741.
Though she offered to make pay of the defaulted amount, the bank sent some people to her house and got the vehicle forcibly seized, the woman alleged.
The seized vehicle was, thereafter, auctioned and sold by the bank.
Courtesy : Expressindia.com
Dell to expand Linux PC offerings, says partner
July 28, 2007, 12:19 pm
Dell Inc will soon offer more personal computers that use the Linux operating system instead of Microsoft Corp's Windows, said the founder of a company that offers Linux support services.
Mark Shuttleworth, who created a version of Linux software named Ubuntu, said Dell is happy with the demand it has seen for Linux PCs that were introduced in May.
Dell, the world's second-largest PC maker after Hewlett-Packard Co, now offers three consumer PCs that run Ubuntu Linux.
"What's been announced to date is not the full extent of what we will see over the next couple of weeks and months," Shuttleworth said an interview late on Wednesday.
"There are additional offerings in the pipeline," he said. Shuttleworth founded Canonical Inc to provide support for Ubuntu Linux.
A Dell spokeswoman, Anne Camden, declined comment, saying the company does not discuss products in the pipeline.
She added that Dell was pleased with customer response to its Linux PCs. She said Dell believed the bulk of the machines were sold to open-source software enthusiasts, while some first-time Linux users have purchased them as well.
Open-source software refers to computer programs, generally available over the Internet at no cost, that users can download, modify and redistribute.
The Linux operating system is seen as the biggest threat to Microsoft's Windows operating system.
Shuttleworth said sales of the three Dell Ubuntu PC models were on track to meet the sales projections of Dell and Canonical. He declined to elaborate.
Companies like his privately held Canonical Inc, Red Hat Inc and Novell Inc make money by selling standardized versions of Linux programs and support contracts to service them.
There are dozens of versions of Linux, available for all sorts of computers from PCs to mainframes and tiny mobile devices.
Shuttleworth said his company was not in discussions with Hewlett-Packard or the other top five PC makers to introduce machines equipped with Ubuntu.
The other three top PC makers are Lenovo Group Ltd, Acer Inc and Toshiba Corp.
Courtesy : Expressindia.com
Mark Shuttleworth, who created a version of Linux software named Ubuntu, said Dell is happy with the demand it has seen for Linux PCs that were introduced in May.
Dell, the world's second-largest PC maker after Hewlett-Packard Co, now offers three consumer PCs that run Ubuntu Linux.
"What's been announced to date is not the full extent of what we will see over the next couple of weeks and months," Shuttleworth said an interview late on Wednesday.
"There are additional offerings in the pipeline," he said. Shuttleworth founded Canonical Inc to provide support for Ubuntu Linux.
A Dell spokeswoman, Anne Camden, declined comment, saying the company does not discuss products in the pipeline.
She added that Dell was pleased with customer response to its Linux PCs. She said Dell believed the bulk of the machines were sold to open-source software enthusiasts, while some first-time Linux users have purchased them as well.
Open-source software refers to computer programs, generally available over the Internet at no cost, that users can download, modify and redistribute.
The Linux operating system is seen as the biggest threat to Microsoft's Windows operating system.
Shuttleworth said sales of the three Dell Ubuntu PC models were on track to meet the sales projections of Dell and Canonical. He declined to elaborate.
Companies like his privately held Canonical Inc, Red Hat Inc and Novell Inc make money by selling standardized versions of Linux programs and support contracts to service them.
There are dozens of versions of Linux, available for all sorts of computers from PCs to mainframes and tiny mobile devices.
Shuttleworth said his company was not in discussions with Hewlett-Packard or the other top five PC makers to introduce machines equipped with Ubuntu.
The other three top PC makers are Lenovo Group Ltd, Acer Inc and Toshiba Corp.
Courtesy : Expressindia.com
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