Writ petition in high court
YOGESH BHATIA
(Querist) 16 July 2012
This query is : Resolved
sir
i m facing various financial problems as i have taken cc limit of 2cr from a nationalized bank(o/s as on 23-5-12 as per letter from bank is 2.42cr) and unsecured loans from various pvt sector banks and nbfcs amounting to 1.1cr and have been unable to repay anything since sept11. some banks have initiated proceedings u/s 138 and the bank from which cc limit has been availed has declared the account as npa on 31-3-12.
is it feasible to file a writ petition in the HIGH COURT to protect civil rights of my family since i am finding it difficult to even make both ends meet for the entire family. will any such petition be entertained and if so under which section will it be admissible in the court of law.
yogesh bhatia
ajay sethi
(Expert) 16 July 2012
no you dont have any case for filing writ . if you are unable to repay yur loan contact local lawyer . declare your self insolvent
R.K Nanda
(Expert) 16 July 2012
File insolvency petition in civil court to get declared insolvent by court orders.
YOGESH BHATIA
(Querist) 17 July 2012
but by declaring insolvency, what about cases u/s 138 that are pending.
