Company

Querist : Anonymous (Querist) 09 December 2011 This query is : Resolved
hello friends.i have one doubt in liquidation of companies. kindly solve it.
my question is-
when remuneration is given to liquidator as a percentage of payment to unsecured creditor then when preferential creditor is included in unsecured creditor and when preferential creditor is excluded from unsecured creditor?
plz reply soon.
thanks.

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prabhakar singh (Expert) 09 December 2011
The company is advised to afford a lawyer.

V R SHROFF (Expert) 16 December 2011
It seems the company is bankrupt, cannot afford a lawyer.

Probably the company never kept a lawyer, and hence became bankrupt, going for liquidation.

In both cases, as the co. came to know the importance of Lawyer came to sense to contact lawyers on free service of LCI, COMPANY LAW expert may help the above ANO.

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