insolvancy pitition
vinod
(Querist) 15 February 2011
This query is : Resolved
i have case on me under section 138 ni act. Now can i go for IP ? what happens if i take ip now?
pritamsaini
(Expert) 15 February 2011
no effect on case.Because it is criminal nature case
DEFENSE ADVOCATE.-firmaction@g
(Expert) 15 February 2011
Please contest the case , it is not defficult to win a NI 138 case since there are no of lapses on the part of complainant.
N.K.Assumi
(Expert) 15 February 2011
If the Court adjudged you as insolvent there will be certain disqualification of your rights, as such it is better to contest the case. The rest has been stated by Pritamsaini and Sashikumar, regarding the two distinct proceedings that is PIA and 138 NIA.
Advocate. Arunagiri
(Expert) 15 February 2011
IP proceedings will not affect the 138 proceedings.