A company owes 10Lakhs to its landlord and the company shows Property of 11 Lakhs in its books of accounts.
What can the landlord do, to recover arrear rent from the company.
What would happen if the property shown by the company in its books of accounts turn out to be bogus?
Expecting an solution.
thanks in advance.
Varun Ranjan
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Fraud by Director
Replies (1)
To recover rent, you should send a formal demand notice followed by a civil recovery suit and/or an eviction petition. To address potentially fraudulent financial statements, you can petition the court for the attachment of assets to prevent their disposal and, if you have evidence of intentional deception, report the matter to the Registrar of Companies to initiate an investigation into the directors' conduct.
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