Legal Question in Bankruptcy in India
Personal loan
Sir, If any bank files a suit against the defaulter under negotiable instrument act 138, does the defaulter have right to declare for insolvency in local court which is other than the court where bank has filed their suit, n ll it help in holding the bank's proceedings under their filed suit, like a stay order or similar from local court,where the defaulter has filed for insolvency.
Asked on 2/03/09, 1:04 am
2 Answers from Attorneys
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: Personal loan
Hello.
Your details needs to be reviewed.
Please contact personally.
Answered on 2/03/09, 2:44 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: Personal loan
Answered before.
You may proceed further with the insolvency case in local courts.
Answered on 2/03/09, 6:56 am
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