4 crore personnel loan

We have total 4 crore personnel loan out of 5 crore loan.
One of my partner cheated us in Mining business. He mis utilized entire fund and project fake orders he created.

We are.in search of cheated partner.

But we.want to give entire principal money to all the friends and relatives but we need.minimum 10 years time.

Please.let us know legally how can we get the time so that we can convince all the friends and relatives. more  

Lakhs/Crores in Personal Loan is a Golden Duck. Many may misbehave more  
Wait for creditors to initiate legal proceedings against you. Explain your situation to court. I assure you that if your intentions are sincere and bonafide, every court will give you opportunity to make payment, subject to payment of interest etc. Hon'ble members are not justified in doubting your intentions at this juncture. You are justified in remaining anonymous. All the best. more  
You, yourself appears to be a doubtful & unreliable person otherwise what prevented you to disclose your own identity? more  
Being a defaulter you cannot initiate any action. One should approach the court with clean hands. if a case has been filed against you try the mediation route and speak to your friends and relatives in the mediation room. see if you can convince them more  
For minimum personal honesty, it is encouraged to not to post these types of messages as 'Anonymous Circle Member'. Be fair to yourself, so to others. more  
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