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RIGHT OF CREDITORS AGAINTS COMPANY

This query is : Resolved 
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(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.
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MANISH MISHRA

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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.
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