Merger of Business for Recovery of Loan
PRAGYA ROHATGI
(Querist) 09 December 2008
This query is : Resolved
Our Company has lend Rs 25Cr to other corporate entity. The company whom we lend the amount was in resturant business , due to heavy losses the company is planning to close business operations and our amount of Rs 25Cr along with interest is still receivable .
We are in very critical position as we have no other option but to sue the company under civil procedure which shall again taken very long time .
Some lawyer is suggesting that if we can negotiate with the company whom we have lend the amount
To take over the present business along with its trademark etc through any demerger process .
Kindly suggest if the deal can be done should we plan to lake over the demerged business and settle the issue .
Also please suggest any lawyers contact no to whom we can contact regarding this issue
With regards
Sandeep Rohatgi
Mobile 09868705794
PRAGYA ROHATGI
(Querist) 09 December 2008
The above query is still pending
Manish Singh
(Expert) 09 December 2008
you tell me waht else you wish to know..
look you can merge the compnay if the other company wants it for and not otherwise. you cant force them to be merged with you.
if wish to realise the amount better go for a civil suit otherwise sell it off to some arc which shall recover the loan.
tell em what the loan agreement says?
