Legal Question in Criminal Law in India
Hi Expert,
Can you please advice, in cheque bounce case if accused file 'insolvency petition' and he shows he has no asset. Will he walk away easily from liabilities? Can complainant file 'Civil suit' for money recovery?
Thanks in advance for your valuable suggestions.
Asked on 7/20/16, 7:02 am
1 Answer from Attorneys
Dr Katta Venkata Rama Krishna
Drkattavrk
1) When once he is declared adjudged insolvent, nothing can be done.
Yes. He can walk away.
2) Where from do u recover? No assets. U cant file any case.
Answered on 7/20/16, 8:36 am
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