Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :

  

Thank you for your details



Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session
 
Skip Navigation Links
From Date :
To Date :
GO
Query Posted : 201
Query Replied : 201
12345678910...
 
  • CIRP Process
    by Sandeep on Wednesday, January 15, 2020  at 03:01 PM

    Sir IRP i.e Interim Reslution Professional appointed by OC filing for Insolvency for first 30 days post which COC appoints different RP.Hence IRP & RP can be different persons. Query 1.Whose duty is it to appoint 2 valuers IRP or RP to determine liquidation value 2. if OC doesnt pay the IRP fees/costs (1st 30 days) & COC also doesnt approve reasonable fees what recourse does the IRP have to recover his costs & fees?

  • CIRP process responsibilities of IRP or RP
    by Sandeep on Saturday, January 11, 2020  at 09:45 AM

    During the CIRP process Query 1. Who is required to appoint 2 Valuers to determine liquidation value the IRP or the RP appointed by the COC. incase where IRP & RP are different persons ? 2. Who shall pay fees of IRP if OC doesnt pay & COC does not approve its cost & RP fees ? 3. What recourse does IRP have ?

  • Sec 185
    by Chirag on Sunday, December 29, 2019  at 09:52 PM

    Dear Sir, As Sec 185(1), does not explain about giving of Loan by a company directly/indirectly to a Proprietorship concern in which director of the company is proprietor. Query- As this provision, is not specifically mentioned in 185, so can we say that a company CAN GIVE Loan/Advance to a Proprietorship concern in which the director of company is proprietor ??

  • Co. Law
    by Chirag on Wednesday, December 25, 2019  at 09:28 PM

    Dear Sir, A company (X Ltd) is engaged in manufacturing activity. One of the whole-time director of company is Proprietor of a business (M/s "A" ) which is engaged in Transportation Activity. The Trucks of M/s A also Transports the goods manufactured by the X Ltd. X Ltd pays Freight to M/s A. Query- If X Ltd gives Advance payment (of Freight) to M/s A,can it be regarded as Loan under company law ?? 2) Whether it is prohibited u/s 185 & 186 of Co.Act,13 ??

  • Resolution Plan
    by Kamal on Friday, December 20, 2019  at 08:43 PM

    Sir, once the resolution plan is approved by NCLT the IRP shall discontinue as such and COC shall be disbanded. Please guide about the following: 1. Whether any filing is required to be made to RoC 2. In terms of resolution plan, a Monitoring Committee is required to be constituted during the transition period i.e. from approval date to next three months. For these months who shall act as Board of Directors as IRP will not continue post approval

  • I&bCode
    by HEMANT RAVAL on Tuesday, December 17, 2019  at 11:52 AM

    In case of Gov. dues if dues are accrued after last date of submitting claim before IRP/RP or Liquidator in that situation what is is the status of that dues? And what is the procedure to register that claim?

  • CIRP in case of a builder
    by Sandeep on Sunday, December 15, 2019  at 01:16 PM

    In a case of Builder Company CIRP was admitted. RP was appointed & process started around 16 months back.Still no order passed by NCLT neither any resolution nor liquidation.CD is absconding. No data provided to RP. What course of action can the CD or FC/OC take ? Will this be taken as failure of the RP ? What should the RP do in case he could not go forward due to lack of data/Accounts, only certain claims received of FC & investors of flats ?

  • CIRP Process
    by Sandeep on Thursday, December 12, 2019  at 11:19 PM

    In a case of Builder Company CIRP was admitted. RP was appointed & process started around 16 months back. Still no order passed by NCLT neither any resolution nor liquidation. What course of action can the CD take ? Wont this be taken as failure of the RP ? What should the RP do in case he could not go forward due to lack of data/Accounts, only certain claims received of investors of flats ?

  • SARFAESI Act
    by Sandeep on Thursday, December 12, 2019  at 11:10 PM

    Bank is wanting to take physical possession of a running factory with 65 employees of a CD. The A/c is NPA since 3 years. The Chief Metropolitan Megistrate (CMM) has given order for taking Physical Possession. Query 1. Can the CD approach DRT or the CMM to get stay against possession ?? What other recourse can the CD take ?

  • Interest for OC
    by Sandeep on Monday, December 09, 2019  at 10:45 PM

    An OC filing for CIRP against a CD. Query 1.Is it mandatory to include interest in the outstanding amount receivable while filing Inslovency petition with NCLT ?? 2. If Yes whether interest calculation should simple interest or compounded ?

  • Liquidation & Court case U/s 138 of Negotiable Instruments Act
    by Sandeep on Tuesday, December 03, 2019  at 12:21 PM

    A Company under going liquidation has NIL assets hence the RP should file for dissolution. The Company directors are facing cases U/s 138 for cheque Returns on behalf of the Company. Query 1. What would be the impact of Company dissolution on the 138 cases. 2. Since the Company has no assets only liabilties can the Court still prosecute the directors in 138 cases.3. Company/Liquidator filing for Company dissolution would that be in favour of directors or against them ?

  • CIRP of Subsidiary
    by Kamal on Monday, December 02, 2019  at 09:29 PM

    Sir The Holding company is already undergoing CIRP and the resolution plan is going to be submitted in a day or two. Just before the submission of resolution plan, the financial creditors' petition for CIRP of subsidiary is also admitted by the NCLT. The subsidiary was given the loan by the financial creditors by pledging the investment in subsidiary made by the holding company. What shall be the impact upon the holding company in CIRP and resolution plan

  • CIRP / Sarfeisi Query
    by Sandeep on Monday, December 02, 2019  at 03:53 PM

    An NPA company but working as a going concern running factory having 62 employees has received order for Physical possession of factory under Sarfeisi through Chief Metropolitan Megistrate (CMM). What recourse does the Company have to hold this possession. 1. Can it approach CMM to stay possession do you think they will accept ? 2. File with NCLT to start CIRP 3. Any other option to protect the functioning Company from closure?

  • CIRP Querry
    by Sandeep Goel on Saturday, November 30, 2019  at 10:30 AM

    IN case of a operational Company in CIRP say original claims were 1.50 Crores but with continuing business the claims reach 1.75 crores Will the additional OC's or Fc's of 25 Lacs be included in CIRP process cost & given priority in money received thru resolution applicant ?? 2. What if one of the OC is favoured by RP and cleared his liability during CIRP, can other OC's file case against the RP? for preferential transaction ??

  • CMM Order for Physical Possesion
    by Sandeep on Saturday, November 30, 2019  at 10:25 AM

    An NPA company but working as a going concern running factory having 62 employees has received order for Physical possession of factory under Sarfeisi. What recourse does the Company have to hold this possession. 1. Can it approach CMM to stay possession do you think they will accept ? 2. File with NCLT to start CIRP 3. Any other option ?

12345678910...
 
taxmann.com
Payment
Best view in 1140 x 768