I need support from legal expert based at Patna Bihar.
I am one of the four directors of private limited company which was incorporated during 1994 and then categorized as NPA & referred to DRT Patna during 2001. During 1999 other 2 directors had siphoned off company funds to purchase land in their personal names. As a result the normal business operation of company was seriously jeopardized; this resulted into becoming NPA because of non-payment of bank loan instalments. Because of the misdeed by 2 directors; the names of all 4 directors are appearing in accused list by DRT Patna. I am too one of them.
I need legal expert suggestions for how to clear the bank outstanding and how to clear my name which is appearing in DRT Patna Defaulter List. I am willing to provide all supporting documents available with me.
This case happened many years before; however still I am hopeful that if given sufficient supporting documents then Bank & DRT Patna both can initiate recovery process. The commercial value of land (which was acquired during 1999) has gone up manifolds at present. I need legal expert suggestions for how to identify real culprits & how to clear bank outstanding because it is clear case of Wilful Default by bank borrowers.
Please PM me your suggestions and service rendering fee so that I can start explaining more for how 2 directors of company had siphoned off company funds for their personal gain. I will remain thankful for genuine and meaningful suggestions.