INSOLVENCY

Arvind Singh Chauhan (Querist) 24 October 2010 This query is : Resolved
Whether an insolvent is fully exempted from his liability to pay loan amount even from civil imprisonment?

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Raj Kumar Makkad (Expert) 24 October 2010
Yes.

Devajyoti Barman (Expert) 24 October 2010
Yes

s.subramanian (Expert) 25 October 2010
Yes Certainly.

Khaleel Ahmed Mohammed (Expert) 25 October 2010
Once insolvent declared no liability on his shoulders.

O. Mahalakshmi (Expert) 26 October 2010
yes, free but not from the Cheque bounce case.

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