Legal Question in Credit and Debt Law in India

A person start his business with a company and stop payment after in the year of 2007A.D, again start business in the year of 2011A.D. with other company (the proprietor is the same of both companies) with promise that he will pay all previous dues amount with new transaction. Can the proprietor demand previous dues amount from that person(debtor).


Asked on 1/25/13, 6:29 am

2 Answer from Attorneys
Sanjay Kalra Sanjay Kalra & Associates

The limitation to file a suit for recovery is years .......Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.

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Answered on 1/30/13, 2:33 am


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