Pravin Vishwakarma 13 May 2021
Sankaranarayanan (Advocate) 14 May 2021
you can submit all the details to liquidator with proper explanation regarding your delayed submission by registered post acknowledgement dues. Then approach his office and ascertain the further requirements if any
SIVARAMAPRASAD KAPPAGANTU (Retired Manager) 14 May 2021
In the event of insolvency of a Company, the position of the Creditor including those who kept their Deposits with the Company depends upon their class viz. Secured Creditors or Unsecured Creditors. While investing in such a Company with Deposits, whether the points relating to security ie. whether the Depositor has a charge on any asset of the Company? For example, while issuing Debentures, the Company concerned shall give a charge on their machinery.
Therefore, please examine to what class of Creditor the Deposit your father invested shall relate to. Accordingly, you shall be receiving the refund of the Deposit in full or in proportion depending upon the monies available at the disposal of the Liquidator. You may place your claim before the Official Liquidator, if not already done.
Dr J C Vashista (Advocate) 15 May 2021
Too long a story for consideration and obligation.
Be brief and specific.
It is better to consult and engage a local prudent lawyer for appreciation of facts, professional guidance and necessary proceeding, if it is a true story.
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Pravin Vishwakarma 15 May 2021
It's a true story sir and my father is aggrieved party.
T. Kalaiselvan, Advocate (Advocate) 15 May 2021
Your father can make a claim even now following the procedures as stated in the notice or their website.
An affidavit explaining the reasons for delay in submitting the requisite forms for this claim may be enclosed along with the claim forms.
Let them consider or return the application/claim form quoting the reasons for rejection therein, you can decide about next course of action after that.