Legal Question in Bankruptcy in India
india - personal bankruptcy laws
does india have personal bankruptcy laws?
If a persons has huge losses in the stock markets and sold all this belonging.
Some are trying to recover the money using thugs. Does India have personal bankruptcy laws like the USA?
Asked on 4/08/08, 8:46 am
2 Answers from Attorneys
Vivek Mapara
Vivek N. Mapara
Re: india - personal bankruptcy laws
India does have bankruptcy law. Parliament has Enacted "Provincial Insolvency Act" 1920.
You can contact with details.
Answered on 4/10/08, 3:49 am
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: india - personal bankruptcy laws
Yes India has got bankrupty law.
What you want to know exactly.
Answered on 4/10/08, 7:12 am
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