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Author Topic: bank action  (Read 408 times)

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Offline rajiv12

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bank action
« on: August 18, 2016, 09:11:33 AM »
dear sir,
bank has given loan to my private ltd. firm MSME manufacturing unit,I m director of that pvt. ltd. firm,  they purchased cheques of rs. 38 lacs of my propritorship outstation firm in my personal saving bank ac of rs 38 lacs , I transferred that amount to my company cc limit ac. lateron when cheque returned back because of some reason they debited my company account that amount and credited to my saving account and declared my unit NPA and applied sarfaci act and auctioned it, as well as they logged sec 138 case against me for the same amount. case is pending with the highcourt as well as Drt. what is the merit of case , as per my case they cant debit my co account as there are two more directors , one is my wife and another one my brother in advice me I can go to supreme court too for saving my unit and ready to pay 38 lacs .all the cases are pending . can i get my unit back , i could not get stay till today.
can bank debit any company account to fullfill personnel liabilities of one director ?
bank already auctioned my unit.
thanking yu
waiting for reply

Offline advocatesingh

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Re: bank action
« Reply #1 on: August 22, 2016, 12:57:49 AM »
your matter is in high court, you file all additional applications in High court,

once all your options in high court is exhausted than only approach supreme court.

blindly approaching supreme court without completely exhausting all your options in high court will be fruitless infact detrimental to your case.

our justice system will take its time and the matter will drag on for sometime, there is no hurry here.

so relax and fight your matter tactfully
Singh and Associates
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