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1/12/12, 10:32 pm

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if somebody owes me a lot of money to the tune of hundreds of thousands, and now he's declared himself bankrupt. What would be his punishment in india?

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Declaring himself a bankcrupt is not sufficient. His creditors must take an action against him and take the order/decree...

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Answered By:

Jeevesh Mehta (Advocate) (Ph

How has he declare bankrupt ? Is it by court or other way ?...

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Answered By:

Sanjay Kalra

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