Loans&other Liabilities | Vkeel - Free Legal Advice

**********y

Delhi

i am 56 yr old business man i am doing business since from1987.but now my business become sick .my business w as growing up to 2001but after that sealing in non-conforming area of delhiwithout developing bawana ind area in2007reloceted with building loan from dfc but not for working capital after struggling to survive businesses takes business loans from financial institution but after that i have sold factory+house+wife's gold to pay debts&loans but janlaxmi & ICICI Bank now filed court case recovery &sect.138 other liabilities are also chaseing please guide.i want to alive.?

Expert's Answers(4)

Advocate Suman Kumar Roy
Dhanbad, Jharkhand

138 NI Act is non bailable offence so you need bail. file anticipatory bail petition. after that file insolvent case against bank etc.

June 17, 2017
Advocate Vivek Malhotra
Delhi, Delhi

then file the insolvency petition as early as possible as you have mentioned that 138 cases are also pending. you may contact for any assistance. Vivek Malhotra Advocate 9716670701

June 16, 2017
Advocate R Mayakrishnan
Kochi, Kerala

There is only one way, pay off the liabilities by selling your assets.

June 16, 2017