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THANGAVEL MURUGESHAN (PROPRIETOR)     03 June 2011

INSOLVENCY PETITION

SINCE I SUFFERED HUGE LOSS I AM PLANNING TO GO FOR INSOLVENCY PETITION.

MY FIRM IS A PARTNERSHIP OF 4 , IF I AM RELEIVED OF THE PARTNERSHIP AND IF I FILE FOR INSOLVENCY PETITION WILL THE FIRM WILL BE AFFECTED?WILL THEY (OTHER PARTNERS)BE ABLE TO CONTINUE BUSINESS AS USUAL.



Learning

 2 Replies

Amit Soni (Proprietor)     13 June 2011

This depends on the caluse of your partnership. Whether it contains the clause for continuing the business after retirement of Partner. Read your Partnership deed thoroughly.

Kwatra Corporate Advisors (Advocates)     19 June 2011

WE CAN ASSIST YOU ON THE SAME.


CONTACT US at 9811860574

or


011-29213198


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