Legal Question in Banking Law in

I am an exporter and facing financial problem with my bank because my overseas buyer went insolvent. ECGC paid only partial. Can I file Insolvency.How this will affect my companies' image


Asked on 8/31/10, 8:13 pm

3 Answers from Attorneys
waquar ahmed Ahmed & Associates;

U CAN FILE INSOLVENCY SUIT & SAME WILL DEFINITELY AFFECT UR COMPANY

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Answered on 9/01/10, 6:43 am
Vishwa Arya Arya & Co.

u may not be able to run the business in the company name at all

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Answered on 9/03/10, 11:00 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

You may file insolvency to solve your financial problems arising out of insolvency of your creditors. However, we cannot determine the 'effect' on business of your company by filing insolvency since that has tobe a business decision and not based on legal opinion.

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Answered on 9/09/10, 7:36 am


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