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Winding up

(Querist) 25 June 2016 This query is : Resolved 
when winding up or other legal suit on against Company A

where Company A had given loan to Company B

if Company A goes on liquidation, what will happen to the loan given by Company A to Company B,

and if Company A has given loans and advances around 10Lac to Company B, what kind of effect can come on that company B ? Can Lenders demand for that money and go legal against company B?

- As Company A owe monies to bankers just wanted to check if there can be any legal consequences or or fulfilling demand by giving back the loans or advances by company B.
Kumar Doab (Expert) 25 June 2016
The lending will come into the notice of Liquidator and accounted for.


B should continue to repay on settled terms of borrowing till any communication is received by it.
Devajyoti Barman (Expert) 25 June 2016
How are you related to this query?
Kumar Doab (Expert) 25 June 2016
@ Author @ solutions,


Reply to the point raised by Expert Mr. Devajyoti Barman.

R.K Nanda (Expert) 25 June 2016
Contact local lawyer .
Rajendra K Goyal (Expert) 26 June 2016
It seems the author has preferred not to reply question from the expert.
Kumar Doab (Expert) 26 June 2016
If the author has decided to not to reply then the thread may be deemed as closed.
solutions (Querist) 27 June 2016
We hv taken loan from company A, for period of 5 yrs, now that company A, faces liquidation charges, if it is proved, when we hv to pay thr loan after 5 yr or immediate
Guest (Expert) 27 June 2016
First of all, it is an academic query, Secondly, instead of replying question of Shri Devajyoti Barman, you have repeated the same original story.

Now my question is, is there any specific reason that on winding up of the company your case would remain undisclosed to the liquidator?

Otherwise, you being yourself the solutions, you must have the solution on what would happen.

SUPER SPECIALTY SERVICES FOUNDATION (INDIA)
solutions (Querist) 27 June 2016
Respected All,
I am not a lawyer, but working in firm where they face such, issue , Keeping my name as solution. Does not resembles I HV all the solution, hope this solves, Mr Barman queries.
Guest (Expert) 27 June 2016
Mr. Solutions,

For solution to the firm's commercial problem, the concerned firm should better hire services of some local expert and discuss the whole problem with him at length.

Even otherwise, it is not understood, why you an your firm are interested conceal the loan given to some private party from the liquidator. Is it not the case that some false loan case has been shown, where the directors of the company would have consumed the amount of loan by themselves?

SUPER SPECIALTY SERVICES FOUNDATION (INDIA)


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