Legal Question in Employment Law in India
I worked for a company in Noida (UP) which showed a loss during May-June 2012 and the owners sold that company to someone without settling the account (salary and allowances) of the employees.
Now the new owner is saying that he is not responsible for any liability of the company caused before they purchased the company and the old owner is saying that he is not liable to pay as both the assets and liabilities of the company also get transferred to the new owner, once the company is sold.
Please clarify what to do?
Asked on 2/23/13, 9:21 am
1 Answer from Attorneys
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