Legal Question in Consumer Law in India

sir,
i am satish , i am the director of a educational society , and taken loans from severall creditors by issuing promisorry notes .
2) but due to bad romours, of undue pressure all the creditors, have at once turned to return back the amounts,
3)As we have no liquidity , we have started a practice of land in form of house sites to the bonafide creditors, with in the mean while during the proceess some creditors, with vested intresets approcated cbcid and registered a case .
4) and the cbcid have put all the properties of our society , sister concern firms , companies, and our individual properties under attachment under AP SEC 5 OF DEPOSTIORS, PROTECTION ACT 1999. the case is going on .
5)in the mean while some of the creditors, with vested intrestes , after enroling thier names with the cbcid, also approached consumer forum for seeking releif.
6) but the forum , with out our concent have passed orders, taking and view our promossiry notes as fixed deposit receipts, and passed orders, and also issued warrants .
7) here my point is let me know a) do we come under the ap depositors, and protection act 1999
b) do we come under consumer act .
c) how can creditor seek both releifs, at a time
d) our companies and societies are establiehed in the year 1999.
e) but as per my opinion its merly a civil dispute so do let us know how to handle the situvation.
.

Asked on 11/10/10, 10:35 pm

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you may go for winding up of your company.

Answered on 11/10/10, 10:56 pm

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