Whether the debt
pratik
(Querist) 06 August 2010
This query is : Resolved
1) Whether the debt without having the licence is legally enforceable within the meaning of the NI Act? Also i have heard that if the lience is not there than All Money Lenders Act prohibits the recovery of Loan amount advanced without license. Do bombay money lender act say the above mentioned if yes than as per which section. So we can come to a conclusion that if the lience is not there then we can't file a case under the NI act under section 138.
2)Can bail application be made after the charge-sheet having been submitted? What
factors, then are required to be considered for determining the said application?
Thanks In Advance.
