Legal Question in Bankruptcy in India
I taken some amount from my friend in 2009 after paying interest for few days I could not repay the principal or interest for few days. Then I shifted the place but my friend came with police after some time in 2011 and put me in police station over night and took agreement, promossory notes & signed cheques without date. Now he is threatening me to deposit cheques if amount is not cleared. But I cannot pay right now...How ca I safeguard myself from police humiliation etc?
1 Answer from Attorneys
as u have given all the promissory notes and agreement as well as cheques that too signed and u owe a liability towards him in that case u are not left with any option either to pay or defend the case once he files it
whatever ur paying condition is that u have to explain to court if the suit is filed
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