Slump sale
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 November 2012
hello,
A(Ltd. Co.) sold its entire business to B(Ltd. Co.)under slump sale in which its(A)'s net worth is negative due to liabilities.
my query is that:-
1.the amount is recoverable from seller to buyers?
A(Ltd. Co.) sold its entire business to B(Ltd. Co.)under slump sale in which its(A)'s net worth is negative due to liabilities.
my query is that:-
1.the amount is recoverable from seller to buyers?
Gayathri Devi
(Expert)
12 November 2012
No it cant be recoverable.
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