RADHA PYARI SRIPADA (ADVOCATE) 30 July 2008
Srinivas.B.S.S.T ( Advocate) 31 July 2008
Company can go for liquidation or can
approach to Company law board. Can you please give some more details so
that i can be of any help to you.
arunprakaash.m. (advocate) 31 July 2008
If the company does not want to be in liquidation the it has to satisfy the demand of the debtors or it has to rebut the presumtion of loan.
RADHA PYARI SRIPADA (ADVOCATE) 31 July 2008
thanks to both of you for ur immediate response.
SATISH KUMAR (COMPANY SECRETARY) 07 August 2008
To avoid the winding up petition, the company may pay the debt or if there is a problem with the debtor, it may prove to the court that the company is financially in a position to pay the debt, but do to some other problems it is not paying the debt.
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