Insolvency petition
prasad
(Querist) 02 November 2015
This query is : Resolved
My debtor filed insolvency petition with wrong information in city civil court. He claimed that his companies are in loss. But he did not maintained proper accounts. He also cheated other directors of the company by diverting funds from the company for his personal business and cheated the creditors. Can I file a quash petition in the high court by submitting the books of accounts of the companies and records from ROC and Income tax dept proving that the companies are not in loss. Thereby requesting the high court to quash the insolvency petition in the lower civil court. The Chairman closed his offices and ran away from city and filed an insolvency petition through an advocate. A police case also registered for cheating and police are searching for him. Any other option for immediate closure of the case in favour of creditors is also invited. My wife name is included in the creditors list. But my name was not included. I want to include my name in the creditors list. I want to attend the case as party in person. I request answers for all these questions. thank you.
P. Venu
(Expert) 05 November 2015
You can file a petition for being joined as a necessary party. If allowed, you can oppose the insolvency petition.
prasad
(Querist) 05 November 2015
are there is any quash proceedings available in high court.
