Legal Question in Bankruptcy in India
drt has recomended attachment of the guarentors property-not mortgauged.
drt has recomended attachment of the guarentors property-not mortgauged, but that property has been sold, by the guarentor by settlement method to his wife, immediately after DRT began the case in 2006. Is there any way the bank can still calim that property from the gurentor.
Asked on 7/01/09, 12:01 pm
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: drt has recomended attachment of the guarentors property-not mortgauged.
yes, the sale during the pendency of litigation / liabilities may be set aside the court as vitiated.
Answered on 7/01/09, 11:32 pm
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