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Cannot pay back loanCannot pay back loan

Civil »Posted 13 Jul 2019

legal question My friend stayed in US and he taken money from multiple people and lost it all in betting there and came back to India. Almost he owe 2 crore for around 20 people. He doesn't any property or money to pay back and struggling to live. Everyone are behind him to pay their money back. He is willing to spend in jail as he doesn't have anything to pay back. What would be the legal obligation of he voluntarily surrenders in court explaining the situation. How many years he will be sentenced.

legal answer from lawyer E00303568whether he had given blank cheque for security. if given then their is chances of cheque bounce cases can be filed against your friend. Click like gift



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legal answer from lawyer E00309630For best legal advise contact us on our details.. www.



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legal answer from lawyer E00001080first let some case is filed to recover amount and ask him to file insolvency case let him take stay in this case



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