Fw
CreateGoodwill
(Querist) 19 February 2014
This query is : Resolved
Parent Company name ABC Ltd (Mumbai) is in India... their subsodary Company XYZ ltd is in Singapore,
Singapore Company has a subsidary in Dubai... MNO ltd
Dubai company has billed to X customer in Dubai...
the customer (Indian origin) defaulted and he has no money to pay.... he left Dubai and settled in India.
while contacting him he said he has no money to pay but there is a bunglow with open land ( in Kerala ) he can morgage to us.... till he repays the due.
have this is agreement of house which is belongs to name of his mother. He is going to obtain Power of Attorney in his name to sale/mortgage the same in few days
my query is can Parent company take this as morgage.
what are the legal formalities/ docs required to do this
ajay sethi
(Expert) 19 February 2014
repeated query / commercial query
R.K Nanda
(Expert) 19 February 2014
repeated query.
CreateGoodwill
(Querist) 19 February 2014
Dear Sir,
agreed it is repeated but same was not responded.
ajay sethi
(Expert) 19 February 2014
since it is commercial query and you can afford legal fees you should contact a local lawyer .
