Legal Question in Criminal Law in India

need help last time

thanks for every one for give me advice for my query,sir i want to know one last question sir its really help me to take a decisions please reply sir,as on your advice my life deaned ....... sir as most of lawyers advice me file insolvency...... i want to know what about my 138 n.i.,420 406 ipc cases as they also filed by banks against me.....insolvency can protect me against this criminal sections.sir if i file insolvency it may be happened that some banks they not file case against me till today also file case against me.sir please advice what i do sir.


Asked on 7/23/08, 11:48 pm

3 Answers from Attorneys
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: need help last time

You will only be absolve from paying loans if court declares you as insolvent.

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Answered on 7/24/08, 8:27 am
Shrichand Nahar S.V.Nahar, Advocate

Re: need help last time

Criminal cases will continue. However, upon court declaring you insolvent, you will not be liable to pay your loans.

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Answered on 7/24/08, 1:37 am

Re: need help last time

Insolvency will not come to your rescue from criminal case u/s.138 NI Act.For further query,contact with details and documents.Professional charges are applicable.

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Answered on 7/24/08, 3:35 am


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