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shweta gupta (Company Secretary & Compliance officer)     13 February 2012

Winding up

In case of the winding up of the co., can a Financial Inst. who v provide loan to the said co. befor w/u only on the basis of subscripttion agreement, which provided for issuance of Non-Convertible debenture to it by co., if co. doesnt allot any such deb nor provide any security.......thn went into liquidaition.........FI obtained a decree of DRT & claimed before the OL as secured creditor.........is it possible???????????



Learning

 1 Replies

SHAILENDRA SRIVASTAVA (MANAGING PARTNER)     26 February 2012

YES.


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