Regarding insolvency petition

vamsi (Querist) 19 September 2014 This query is : Resolved
My Debtor approached the court with insolveny petition? he has no properties for claim. what are the consequences when i not respond to the court notices? is there any chanses to impose any costs on me by the court?

Follow Query

Report Abuse

Devajyoti Barman (Expert) 19 September 2014
No, you have nothing to loose if the debtor has no property at his disposal.

Rajendra K Goyal (Expert) 20 September 2014
If you do not attend court you have nothing to loose.

ajay sethi (Expert) 20 September 2014
no chances of imposition of costs on you

vamsi (Querist) 20 September 2014
Thank you all

T. Kalaiselvan, Advocate (Expert) 27 September 2014
On receipt of notice, if you refrain from attending the court, you will be set exparte, though you have nothing to lose, you may not stand up to claim if at all there is any.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now