I need some Basic Details for the Following Issues . I am Looking for Lawyears who are based in chennai to Provide Legal Advise to come out form my Issues.
1. I Lended from Private Financiers Now i am not in a position to meet out their interst due to some loss in business.
2. I have Loans Arround 2.5Cr. I can repay their Amount but i need Minimum 2 Yrs time to come back to my Business Again. At that time i can repay them with the Nominal Intrest what they Ask.
3. Some People are Advising to Issue Yellow Notice and Close the Business.
Every day i am moving my seconds like any thing. Kindly Provide me the correct solution to come out from this issue or Advise how to Provide Yellow Notice and what are requirements what will be the impacts on this.