Mr Prasad has debt claim of 34 lakhs on him , White his total asseats are of 25 lakhs (FD's , Share, and house he is living). He is the only earning member of his family . Now if Mr. Prasad lose case in civil court ? What could be the possible consecunces .
- He has to pay all his money to the lenders and remain with empty pockets
- Or The court can give some relaxation understanding his current situation ( for example pay 15 lakh to debators and have 10 lakhs for his family and security )?Can the court orders come under humatarian grounds ?