transfer of Trade creditors by company to individual

Querist : Anonymous (Querist) 27 April 2010 This query is : Open
Sirs,

Can a Private Limited Company transfer it's Trade Creditors to an Individual? [company being a going concern]

is transfer valid under the law???

if yes under what section / Act Governing...

is there any judgment?

how the transfer to be effected...

if the creditors do not object the transfer, what are their rights against Company and against Individual.

Thanks &
Regards

Follow Query

Report Abuse

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Hindu succession act
Compnesation for delay and claiming harassment charges
Agricultural land
Tenancy in common
Discharge petition
Subpoena reg
Can a widow wife claim a her deceased husband's property
Judge got transferred
Exemptions to be claimed under sec 72 of cpa
Vehicle sold , buyer not transferred vehicle in his name

Awaiting the shrewd advocate's answer.
Pl. check for legal accuracy
Vacation judge
Legal notice used for harrasment
Is advocate guilty?
Advocate�s duty to justice apply to the pre-litigation ?
Legal opinion on baseless legal notice and law
Dismissals due to defective legal notices
Legal notice content
Validity of legal notice.....