(Querist) 19 September 2013
This query is : Resolved
MY CLIENT IS A LICENCED PAWN BROKER,HIS SHOP WAS ROBBERED BY SOME ROBBERERS IN PAST 5 MONTHS AGO,HE LODGED A COMPLAINT AND POLICE ALSO REGISTERED A CASE UNDER IPC AND UNNAMED ACCUSED,HE DID NOT INSURE THE JEWELS,NOW THE PUBLIC HARASSED HIM TO RETURN THE PLEDGE JEWELS,HE GAVE SOME JEWELS AND CASH TO SOME,BUT NOW HE CANNOT GIVE ENTIRE AMOUNT.BY THIS TIME,IF ANY POSSIBLE PROVISIONS TO TAKE TIME FOR SETTLEMENT THROUGH CIVIL OR CRIMINAL OR WRIT.PLEASE VERY VERY URGENT EXPERTS
(Expert) 20 October 2013
If he has entered into bankruptcy due to robbery incident then he can file an insolvency petition but once adjudicated insolvent would incur incapacity to contract and would not be able to carry any business.