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Arvind Singh Chauhan (advocate)     24 October 2010

INSOLVENCY

Whether an insolvent is fully exempted from his liability to pay loan amount even from civil imprisonment ?



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 5 Replies

Suchitra. S (Advocate)     24 October 2010

An insolvent is put in the imprisonment at the cost of the party who sued him. There is no question of repayment by an insolvent.


(Guest)

Read this it will be helpful to you.


Attached File : 53 53 execution of decree.pdf downloaded: 202 times
2 Like

adv. rajeev ( rajoo ) (practicing advocate)     25 October 2010

When he is delcared as insolvent, he is free from all the liability against who he had file a petition.

shrikant chede (law officer)     26 October 2010

yes

kranthi (retainer advocate)     28 October 2010

What suchitra madam and rajeev said correct


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