Legal Question in Civil Rights Law in India
Can a person declare himself as Insolvent after having determined his inability to pay the debts by issuing notification in press media?
Asked on 1/17/10, 11:46 pm
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
No. One may need to file a petition in the INSOLVENCY COURT for seeking appropriate declaration. All the creditors and debtors are to be made parties to the suit.
Answered on 1/19/10, 3:57 pm
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