legal enforceabilityof debt,
gaurav
(Querist) 16 July 2010
This query is : Resolved
sir one person has lent around 4-5 lakh each to around 50-60 persons who are govt employee in cash and now he has filed complaint case under sec 138 n.i.act.he does not have moneylending licence and doesnot show that loans in his incometax return.he does nt have any source of income 4m where he can substantiate that money amounting 2-3crores.in one of case we have asked him in cross about these cases and he has admitted the same.nw the matter is in final arguments.is there any citation abt legal enforceability of debt and nw is there any legal remedy available like writ or any other remedy which helps us in proving that debt is not legal.plzzzzzz help us we are poor govt officers in clerical grade and that person has misused 138 by filing arbitarily amounts
s.subramanian
(Expert) 28 August 2010
Lodge a criminal complaint against him.
