Company and credit society, jurisdiction of court/tribunal


Respected Experts


A director had to pay me money arising from a commercial contract.

Director was the MD of company and held shares and assets in his name jointly with the company.

In due course, director and company secretively sold off their immovable asset to evade making payment to me.

Property was fraudulently sold to a multi-state credit society



Can a company tribunal exercise jurisdiction to decide the entire sale transaction between company and credit society?

If situation demands and its not possible to cancel the sale, can the company tribunal exercise jurisdiction making the credit society liable for making payment to me?

If not the tribunal who can take a decision for deciding the disputes of all actions of credit society?


Please advise


File a case making both the compay and the puchaser as parties.




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