RIGHT OF CREDITORS AGAINTS COMPANY
This query is : Resolved
CA S Sundararajan
(Querist)
12 March 2008
Dear Sir,
One of my client have the claim over the company for Rs 45,00,000/- . The amount is receivable from the company for 6 years , can they enforce their right to claim amount withut application of Sec 500 for Winding up by Sundry creditors.
One of my client have the claim over the company for Rs 45,00,000/- . The amount is receivable from the company for 6 years , can they enforce their right to claim amount withut application of Sec 500 for Winding up by Sundry creditors.
MANISH MISHRA
(Expert)
12 March 2008
yes, you can file suit under civil law and serve a legal notice for your dues.
if you are covered under MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006, then buyer is liable under SMED act.
if you are covered under MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006, then buyer is liable under SMED act.
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