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Charge (form chg-1) petition

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 December 2014 Company has taken loan from Bank but company fails to file form CHG-1 within specified limit. Now said Form is under Condonation (Petition). Form CHG-1 is filed with ROC. Now Company has taken another loan (Modification of aforesaid facility). My question is that Can Company file Modification Form if the earlier form is under petition.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
15 December 2014 ACCORDING TO MY VIEW YOU CAN'T FILE FORM FOR MODIFICATION

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 December 2014 If i can't file modification form then the said form will also go under Petition.
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