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kk (k)     31 January 2009

creditor

Sir i m creditor of my company and it went under BIFR scheme and now on settlement of dues they are giving more priority to payment of dues of banks and we (creditors)are paid very minimal amount yet ..so my query is whether my full dues will be paid ???
can i ask for early repayment and can i file suit for same??


Learning

 2 Replies

Prakash Yedhula (Lawyer)     02 February 2009

 Banks are paid first because they are secured creditors. To know more about SICA and BIFR download the documents attached.


Attached File : 7 brief introduction of bifr and its functioning.doc downloaded: 124 times

Prakash Yedhula (Lawyer)     02 February 2009

 Download presentation regarding Sick Industrial Companies (Spl. Provisions) Act


Attached File : 53 the provisions of sica & companies act.pdf downloaded: 131 times

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