Legal Question in Bankruptcy in India

is there any criminal liability remains in force when a person is declared insolvent by the bank or court?

Asked on 4/10/13, 12:44 am

1 Answer from Attorneys

ranganathan raghavachari R.Ranganathan & Associates

Criminal liability is different from civil liability. Even if one is declared insolvent criminal liability will exist.

Read more
Answered on 4/10/13, 12:57 am

Related Questions & Answers

More Bankruptcy Law questions and answers in India