Legal Question in Credit and Debt Law in India

Court has sent a letter of execution. It was a case of bounced check. We had appealed in court but it was never accepted. How can we take start on execution and can court take the assets at home to pay? Should those assets be on the name of the people who were involved in case or anything that is present at the house? Be it under the name of my kids.


Asked on 12/10/15, 2:40 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

12.12.2015

Dear Sir / Madam,

Yes, the Court has the authority and power to seize personal assets towards repayment and settlement of your bounced cheque liability. Moveable assets which may be seized by the Court present in the borrower(s) house need not be in the name of the principal borrower(s). It can be seized even if in the name(s) of kids above 15 years of age.

Regards,

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Answered on 12/10/15, 8:07 am


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