Dear Friends,
Now am a Proprietor of Mohan Enterprises and having one Crore business loan with AXIS Bank.
I am planning to close Mohan Enterprises and will join as a partner in new partnership entity.
In this case is it possible to transfer loan liability one Crore from MOHAN ENTERPRISES to new Partnership firm?.....
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Loan Transfer from one Entity to another Entity
Replies (1)
No, Loan should be paid under which entity it has been taken
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