Criminal Trident Pack: IPC, CrPC and IEA by Sr. Adv. G.S Shukla and Adv. Raghav Arora
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Gaurav Gujrati (Auditor)     10 January 2018

Insolvency and bankruptcy code

Sir,

I am a propertitor of my properitorship firm and my debts has to be recovered from one private limited company which amounts to Rs. 4 lacs Approx. For the recovery of the dues Whether i can proceed under Insolvency and Bankrupcty Code or Debt Recovery Tribunal will hear my plea.

Please advice.

Thanks



Learning

 2 Replies

shobanbabu.B (company secretary and Legal)     10 January 2018

It is best to sue the company under the Insolvency and Bankrupcty Code.

The case will be over by 6 months.


 

SHIRISH PAWAR, 7738990900 (Advocate)     13 January 2018

Debt Recovery Tribunal is not the proper forum for your recovery of debts. You have to proceed under Insolvency and Bankruptcy Code.


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