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Write off debts when the legal case is filed

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2013 Dear Sir,
If a debt recovery case is filed in the court for the outstandings on account of sale of company products against the defaulting party can we.......

1 ) write off such debt since the debt is more than 5 years and the case is on going.

2)if Yes, will this casue unjust enrichment if we later on receive money from the defaulter against the writeoff debts.

Please advise.
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Rupesh Jain

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Rupesh Jain (Expert)
19 June 2013 R/SIR
DURING CASE PROCEEDING COURT DEMAND YOU YOUR LATEST B/S AND A/C STATEMTN OF PARTY THAT YOU ARE REAL CREDITORS OF THAT PARTY.

IF YOU WRITE OFF . THEN YOU FACE ABOVE PROBLEM.
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