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.
Answered on 4/10/13, 12:57 am
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