LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Aakash   06 December 2023

Huf bankruptcy

Hi, 

i am a part of a HUF Propreitory firm which will be going under bankruptcy.

i want to know what are its effects on the members of the HUF as in CIBIL, assets of other members of HUF, will the charge be passed to members of HUF too or just the Karta .



Learning

 1 Replies

T. Kalaiselvan, Advocate (Advocate)     06 December 2023

In case a member of a company becomes bankrupt, the official receiver shall produce documentary evidence of his appointment from a competent Court and proceed with the further procedures as per law.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register