what i do sir???
lawyers friend
(Querist) 24 July 2008
This query is : Resolved
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 help me.please advice what i do sir?
deepak kumar
(Expert) 24 July 2008
insolvency will not grant you immunity from criminal liability
www.advocatesdiary.blogspot.com
kumar sachin
(Expert) 25 July 2008
dipak bhai is absolutely right
lawyers friend
(Querist) 25 July 2008
sir some of my friend say u will get some cover.....through insolvency in criminal cases file by banks on you.
Srinivas.B.S.S.T
(Expert) 25 July 2008
Insolvency will not cover proceedings under Section 138 and 142 of NI Act neither any of the criminal proceedings.
deepak kumar
(Expert) 27 July 2008
Vikas i stand by my stand
one test that you may take is that whether your friends who have advised you about insolvency are from legal background
if yes then go in for a third opinion otherwise you know what to do
www.advocatesdiary.blogspot.com
K.C.Suresh
(Expert) 01 August 2008
No scope for you with an insolvency suit. You have to face criminal action U/s 138 NI Act.
