Effect on other assets of promoter under IBC,2016
Effect on other assets of promoter under IBC,2016
Will the other assets of the promoter other than the guaranteed assets to the corporate debtor under Insolvency and bankruptcy code 2016 be affected and can the lenders initiate suit on the other a
5 years ago
A. Personal Liability of the promoter when the Moratorium has been issued
Recently in the case of Schweitzer Systemtek vs. Phoenix ARC Limited3, the Mumbai bench of the NCLT was asked to adjudicate on the issue that whether the personal properties of the promoters which have been given as security to the bank/creditor come under the purview of the moratorium as envisaged under Section 14 of the Code or not. In this case, Dhanlaxmi Bank had lent Rs 4.5 crore to the company wherein the promoter had ...ReadMore
Insolvency filing
Can husband and wife file for insolvency combined? In that case what will be the court fees?
5 years ago
A. I think no! It is unlikely that two legal person will be completely insolvency at the same time even if they are both husband and wife try to discuss with concern authorities.
VIMAL K MISHRA
Insolvency filing
I wish to file for insolvency but do not have enough money to pay court fees. also, can I get free legal aid from Bombay High Court for insolvency
5 years ago
A. No. In money matters it never extend.Pauper application under CPC may be filed.
Withdraw from co-applicant
Sir,I have a question, I am married since 20yrs ,but myself and my husband are separated since more 16yrs put up for divorce on court now only ,I was scared my children have advorse effect ,so waited
6 years ago
A. dear client kindly consult for a proper advice as your matter needs lot of attention.
Deepak Yashwantrao Bade
Ambrose Leo
