My client had taken unsecured business loans from multiple NBFCs for his business.But due to some circumstances he has made extreme losses in business and is now unable to pay or settle these loans.The nbfcs have filed multiple chq return 138 cases against him from various cities.the total number of cases exceed 20.He is now absonding.What can he do now?
he has no money for settlement.
What advice should we give to him?