Selling of machinery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 October 2012
Dear experts,
I am to purchase a second hand plant from a manufacturer who already has taken term loan on that particular machine. He is also having cash credit facility from his banker.
Please suggest me what precautions I should take while purchasing this machinery.
Thank you very much for your time.
I am to purchase a second hand plant from a manufacturer who already has taken term loan on that particular machine. He is also having cash credit facility from his banker.
Please suggest me what precautions I should take while purchasing this machinery.
Thank you very much for your time.
CA Ayush Agarwal
(Expert)
24 October 2012
But He Cant Transfer The Plant To You Untill n Unless Loan Hav Been Paid or Permission from Lender.
Otherwise He Will be Treated as Default, Or You Just Have a Proper Arrangement of Papers Work.
Otherwise Confirm from That Manufacturer, If he registered as Company Then Doctrine of Outsider May Attract, Not Sure,
Other Views are Solicited
Otherwise He Will be Treated as Default, Or You Just Have a Proper Arrangement of Papers Work.
Otherwise Confirm from That Manufacturer, If he registered as Company Then Doctrine of Outsider May Attract, Not Sure,
Other Views are Solicited
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