Legal Question in Credit and Debt Law in India

Invested about a crore of money on online trading of commodities, by collecting money from many people from many places on a bond. Now i have lost all money due to loss in trading these commodities. I don have any money or property from my side to repay the investors. In this stage, wat should i do? Is there any legal way to get myself exempted from these debts? I don't want to runway because i have not cheated anybody. So please suggest me a legal option, on what are the possible sentences i might get, if a case is filed.


Asked on 11/02/11, 9:14 am

1 Answer from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

have you done trading in your individual capacity or had formed a public or private limited company? do revert with details.

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Answered on 11/02/11, 9:26 am


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