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Firm converted into private co-unsecured loan position

(Querist) 20 June 2012 This query is : Resolved 
when partnership firm converted into privat ltd co, and unsecured loan lying in the balance sheet of the firm,what r the ways that unsecured loan tr to private ltd co?
what r the procedure is require to follow?
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Sankaranarayanan (Expert) 20 June 2012
Either the partner should take their own
pooja dedhia (Querist) 30 June 2012
it means that partner i their individual capcity tae rsponibilit to pay the unsecured lon amt?

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