Finance


I borrowed from one financier 50L. I am doing mobile sales. I have some other debts for 1Cr. Recently I sold 65L worth Products to that financier for 35L purely for my rotation purpose even I aware that loss. Now I can't repay the debts around 2cr. I want to Surendar my self in court. Kindly advise.

 
Reply   
 
Advocate

Suffering loss n business or being in debt is no crime. 

 
Reply   
 


Advocate & Solicitor at Law

There is no criminal liability upon you. The only proceedings you shall be subjected to are civil . Unless some one moulds the facsts to make it appear as if it is a criminal offence.

Augustine Chatterjee

Advocate & Solicitor at Law

9999931153

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

Search Forum:








×

  LAWyersclubindia Menu