Upgrad LLM

138 ni act cases from 2 years


I m facing 138 NI ACT cases from last 2 years in different parts of country. I m proprietor of a firm which was running last from 10 years. My brother was holding major part of business of my firm. 2 to 3 years back he has withdrawn all the money from the firm, from which I was not aware of, and whole liability came on my name due to owner of the firm. Now the position is I m facing the cases from last 2 years and the complainers are MNC from which we have purchased the goods and issued blank cheques as they take from us before billing the goods. They all are aware of the situation and fraud done, but due to no other option they filed the case. Please suggest what can be done in this matter. How I can get freedom from the cases, as the laibilty is so big that it cannot be paid.

 
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