What if cheque gets bounced and company is nowhere to be seen

usually if the property of the debtor sold only with a view to infringe the right of creditors such sale shall be null and void at the application of the creditor under section 9 of the insolvency act and the property is to sold in public auction and the consideration to be appropriated among the debtors

Hi,
This is M.A RAHEEM KHAN Advocate, From : Hyderabad, @ lawrato.com

Court will issue Non-Bailable warrant against the MD of company in case he was
not appeared before the court, then police arrest him and produce before the court. if you have tenable grounds in your case then court passed the judgement that accused has to pay the amount with interest otherwise punish him with imprisonment or fine or both. For more information regarding your query consult me through this website.