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  • Saukar borrowed rs. 25 lakh from Imperical Bank for the purpose of running a gambling den. After suffering heav

Saukar borrowed rs. 25 lakh from Imperical Bank for the purpose of running a gambling den. After suffering heavy losses he failed to repay the loan.

Option: 1

Bank may file a civil suit and claim recovery of loan from personal properties of Saukar.


Option: 2

The bank may issue a public notice to the effect that Saukar was bankrupt and people must avoid transacting business with him.


Option: 3

Bank cannot recover any money from Saukar as borrowing was for an illegal purpose.


Option: 4

Bank may complain to the local police for fraud and can get him arrested.


Answers (1)

best_answer

No legal relief exists for the breach of wagering agreement. Saukar borrowed money for the purpose of running a gambling den which illegal so bank can not recover any money from Saukar. Hence correct option is C

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Sayak

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