Legal Question in Criminal Law in India

INC Bank had given a loan to M/s. Telesales Co. for the business purposes. Later, the company defaults in payment of loan and the bank files an original application before the Debt Recovery Tribunal where the Tribunal had given an injunction order against the bank. After some time, through investigation, the bank learnt that the borrower company had mala fide intentions from the beginning and in fact, siphoned off the loan for the non-business purposes.

So, the question is that whether a criminal application can be filed against the company and its directors considering these circumstances or it will remain a civil dispute. If yes, then which sections of Indian law are applicable regarding filing of criminal complaint against the company?


Asked on 6/30/16, 12:34 am

2 Answers from Attorneys
Dr Katta Venkata Rama Krishna Drkattavrk

Yes. U can file for criminal breach of trust and other like fraud or cheating

based on facts, on which ur lawyer will file.

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Answered on 6/30/16, 12:37 am
prasad patil

Dear client bank can file case of cheating against company under sec 420 of Indian penal code. For any legal help call me

Adv prasad patil

9604349028

8446247807

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Answered on 6/30/16, 1:26 am


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