Can you please advice, in cheque bounce case if accused file 'insolvency petition' and he shows he has no asset. Will he walk away easily from punishment ? Can complainant file 'Civil suit' for money recovery?
Thanks in advance for your valuable suggestions.
1 Answer from Attorneys
the criminal liability u/s 138 may still be fastened even if the accused is declared insolvent. However, need to have more facts for more clarity.
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