Legal Question in Real Estate Law in India
real estate developer sold some of the plots say 30 nos to some individuals in 2008. Again he registered the same plots in his and his wife name and got bank OCC working capital loan with which he developed his wealth and assets. After 2 years of enjoyment of loan, he repaid the loans. Some of the plots mortgaged to some private money lenders at present. Is he punishable under indian laws? To whom I have to report and being a third party can I report ? Under which sectio s and which indian laws his activity is punishable? He developed his wealth by the above cheating and fraudlantly.
Asked on 12/20/13, 12:38 am
1 Answer from Attorneys
anuradha Dixit +9312411481
dixitlawfirm
already answered the question
Answered on 12/21/13, 5:37 am
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