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What is the maximum punishment for not being able to pay debts?


19-Dec-2023 (In Civil Law)
I am in big trouble. I was having a business in Jaipur and I took loan from Local bodies each time they took blank stamp and blank cheque from me I paid them 4% interest per month for 3-4 years and my business went in big loss I was paying huge amount of interest per month for 3-4 years so nothing left in my pocket ...I sold my house, land, office each and everything now I dont have even a single penny in my pocket to pay but they all are still asking to pay. I have paid them huge money every month but i dont have proof coz they never gave any reciept Now i don't have any option i am ready to go to jail but when i dont have money how can i pay so please tell me how much punishment i can have maximum.
Answers (2)

Answer #1
641 votes
In n.i.act case cheque bounch case maximum punishment 2 year.double amount fine given. You are taking many and black cheque singe. So they write any that paper and any amount write on those documents or black cheque.
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Advocate Jaiprakash Kuldeep

Adv. Jaiprakash Kuldeep

LawRato Jodhpur | 50+ Answers
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Answer #2
680 votes
You are in big trouble,You was having a business in Jaipur and You took loan from Local bodies each time they took blank stamp and blank cheque from your side paid them 4% interest per month for 3-4 years and your business went in big loss you are paying huge amount of interest per month for 3-4 years so nothing left in your pocket ..you sold your house, land, office each and everything . on this situation the Local bodies will be caces on you Under section 138 Negotiable instruments Act .you will be punish Two years jail and double penalty of drawing amount on cheques and . Local bodies will be caces on you for fraud,bluff,spoof,take in Under section 420,467,468,469,471,120-B IPC. you will be punish Three and more years jail.
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Advocate Sangram Singh Chouhan

Adv. Sangram Singh Chouhan

LawRatoJodhpur | 25+ Answers
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