Legal Question in Business Law in India
An industrial property has been purchased on a Kolkata High Court order in 2006 through a private treaty under RDDB Act,1993 where buyer,seller & consortium of banks were party.There were 3 dues 1.NPA dues of the bank 2.Workers dues as per 529A 3.Sales Tax Dues which got crystallized in 2014 by order of Sales Tax Tribunal & it is huge. The purchaser paid the NPA dues in 2006 & got Sales Certificate issued(still unregistered) but now is not financially capable of meeting other dues & take the property.If the workers go to BIFR with their Revival Scheme,will they have to include the NPA dues paid by the purchaser or not?
Asked on 3/07/16, 9:11 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
08.03.2016
Repeat query. Already answered. Any further advice or guidance will be rendered to seeker only on prepayment.
Answered on 3/07/16, 7:06 pm
Related Questions & Answers
-
Hello I Have a daily update based website. I want to publish e-journals,e- magazines... Asked 3/04/16, 10:11 pm in India Business Law
-
A resolution duly adopted in accordance with the procedure set forth in the LLP... Asked 3/03/16, 12:09 pm in India Business Law
-
Sir if,i gave a self signed 10 rupees blank stamp paper to someone then what... Asked 3/03/16, 4:42 am in India Business Law
-
Hi, One of our family friends has recently started a management consultancy... Asked 3/02/16, 9:55 pm in India Business Law
-
Hi, One of our family friends has recently started a management consultancy... Asked 3/02/16, 8:06 pm in India Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
