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Any one who is even now earning by some provate job can file for Insolvency, You need to make a fair declaration if your assets and liabilities.

Definitely you would have something to prove that you gave him the money to buy the car. How did you actually give him the money?

Dear client! You ask for extra time from the bank and if the bank gives you extra time, then pay the full amount within that given time. If the bank does not consider your additional time, then he will file a OA in the DRT then you will have to seek the help of a banking law practitioner (DRT/DART) for your case in the Tribunal. You can contact me in the context of your case.

Personal Liability of the promoter when the Moratorium has been issued

Recently in the case of Schweitzer Systemtek vs. Phoenix ARC Limited3, the Mumbai bench of the NCLT was asked to adjudicate on the issue that whether the personal properties of the promoters which have been given as security to the bank/creditor come under the purview of the moratorium as envisaged under Section 14 of the Code or not. In this case, Dhanlaxmi Bank had lent Rs 4.5 crore to the company wherein the promoter had

Dear client! Please contact the DRT and request them that I will be able to give 10000 per month.

I think no! It is unlikely that two legal person will be completely insolvency at the same time even if they are both husband and wife try to discuss with concern authorities.

No. In money matters it never extend.Pauper application under CPC may be filed.

dear client in your matter You can file for bankruptcy.

dear client kindly consult for a proper advice as your matter needs lot of attention.

This case is not legally sustainable.