Legal Question in Banking Law in India
how to face a lawsuit which is leading to arrest for loan taken not paid due to felure of busineess
Asked on 3/08/10, 9:35 pm
3 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
By amicable out of court settlement.
Answered on 3/08/10, 9:47 pm
SHIVA SHANKAR REDDY
M/S S&S LAW FIRM
make an application to court stating the losses occured in the business and request court to decalre yourself insolvent
Answered on 3/08/10, 10:16 pm
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
the offence u/s 138 is bailable and in case civil suit is filed, you may defend the same and request for EMIs.
Answered on 3/08/10, 10:55 pm
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