we are 3 partners open a garment manufacturing Unit and take loan 25.00 L loan under CGTMSE after 2 years, we shipped the goods to abroad but buyer not send the payments approx. 55.00 L so we unable to pay the interest and not continuing the business due to this huge loss , our unit is closed and more than sundry creditors in the market including bank . CC account is NPA and bank put the case in DRT so we are doing JOB in private factory now case in Position NOTICE UNDER Rule 2 of the Second Schdule of INcome Tax ACT, 1961 read with Section 25 to 28 of the RDDB & FI Act, 1993) and they are ordered us dirctly appear with affidavit disclosing our movable and immoveable assets. but we have nothing any property and also we gave him proposal 2 and 3 times to bank OTS amount 10.00 Lac.
so please suggest us .