Legal Question in Credit and Debt Law in India
our company is a pvt ltd Company and is in debt today due to non payment of govt. order. Some private money landers are pressurising Directors for their interest as well as principal amount. Company is not in position to pay interest.Company is paying their interest since 7-8 years regularly please suggest what we should do.
4 Answers from Attorneys
If you wish to continue operating the company, then you can seek time to pay the debt. or else there is also an option to wind up the company.
Feel free to contact for further assistance.
Kind Regards
Setu Niket
Advocate
Delhi High Court
+91-9873109672
06.03.2013
Dear Sir / Madam,
Winding up the Company is recommended.
Regards,
FCA Prashant Chavan
Mumbai
(You can also mail me for any further on-line advice at [email protected])
Either settle with the Creditors or apply for voluntary winding up of the Company.
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