COLLECTION OF PENDING PAYMENT
VIJAY ANAND
(Querist) 22 July 2010
This query is : Resolved
Dear Sir,
We are one of the micro & small scale concern in Tamil Nadu.
We have supplied some material to a big private limited company on 2001 against there purchase order. After the material has been supplied to the private limited company,this company has been taken over by a government company on 2005.
still we have not received our payment for the supply.
we got all the documents like
there purchase order
our invoice copy
there c form on material receipt
kindly know us to whom should we contact for the payment.
private limited company (or)the government company which has taken over.
and how can we get the payment.
The value of the amount is 10 lakes , so kindly do the needful.
s.subramanian
(Expert) 22 July 2010
the government company which has taken pvt company is liable to pay your dues.approach the government company for payment with all the dcoumentary evidence
Chanchal Nag Chowdhury
(Expert) 24 July 2010
I am sorry I do not agree at all with Mr. Subramaniam. The private limited company must have been taken over & transferred By an Act of Parliament /Legislative Assembly (depending whether the government company belongs to the Centre/State.)
In any event, such transfers usually do transfer only the assets & not the liabilities to the government company & as such, the government company is not liable to pay your debts.
In all such cases a Commissioner of Payments & disbursal is appointed by the concerned government. He is there only for a limited period & purpose. Once the office is wound up U have practically no chance of recovery of a single rupee.
U R advised to check with the Concerned Dept. & file your claims with the Commissioner for payments. Act fast before it is too late.
VIJAY ANAND
(Querist) 27 July 2010
Dear Mr.Chancal Nag Chowdhury
Kindly know the address of the Commissioner of Payments & disbursal so that we can approach for further proceeding.
