Legal Question in Bankruptcy in India
its it possible to file temporary bankruptcy. as i need two years time to repay loan.I was running an business and it got shut due to financial issues. i been asking some time for me to repay but they are not accepting the same. how can i handle this issue.I have a new business proposition with which I can repay them.
Asked on 2/04/12, 1:39 am
3 Answers from Attorneys
You may file civil suit in the court against the bank. For not recovering forcefully from you which give you some time
Answered on 2/04/12, 9:29 am
Sanjay Kalra
Sanjay Kalra & Associates
You cannot file anything like this mentioned here in above. I am shocked to see the opinion given by Mr. Gupta.
Answered on 2/06/12, 2:44 am
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