Legal Question in Banking Law in India
Type your question here...if we due to negligence conducted fraud under 420 and we are ready to accept it and pay off the penalty then can this be done and if so then ehat is the procedure to do this?
Asked on 9/28/13, 9:42 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
29.09.2013
Dear Sir / Madam,
You may pay and compensate the amount claimed by the aggrieved party, and obtain his / her confirmation letter that they have been compensated in full, and that do not have any grievance against you. If the matter is in Court, the letter should mention that the aggrieved party desires to quash the case in the Court.
Regards,
Answered on 9/28/13, 10:05 pm
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