Execution application against a plc
Tom
(Querist) 05 December 2017
This query is : Resolved
I won an arbitral award against a PLC. The PLC has appealed under Section 34 as delaying tactic and which is likely to be decided soon in my favour. The PLC has no assets & no book value ! But the Directors have personal assets.
Q1. How do I proceed with a meaningful Execution Application in this case ?
Q2. Can I simultaneous approach Company Tribunal with a Winding Up application ?
P. Venu
(Expert) 05 December 2017
First of all, let the court decide the matter.
Kumar Doab
(Expert) 06 December 2017
The courts shall decide after hearing you.
Let the decision be pronounced.