Legal Question in Bankruptcy in India
Insolvency
After decleration of an insolvent /bankruptcy,can any bank file suit under NI Act or any creminal laws.
Please answer me at earlist.
Asked on 6/07/09, 6:42 am
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: Insolvency
An insolvent may not be absolved from liability arising out of criminal offences. However, a suit for recovery may not be maintainable.
Answered on 6/07/09, 6:50 am
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