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Invested in a business that person dead noone taking care of business
24-Jun-2023 (In Recovery Law)
I have invested in a business for which I have bank transfer details in last September. Now the person have met with an accident and have passed away. At present no other person in his family to take ahead his business. We want to now recover our money from them pls suggest the way
Are you a partner or director in the company asking for your share of money? IN case you had invested in the company only for investment and you are not a Director or Partner then you will have to send them a legal notice asking for your share of money.
If you are a director then you will have to wind up the company and then receive your share of money from it after the winding up process is complete.
If you are a director then you will have to wind up the company and then receive your share of money from it after the winding up process is complete.
Helpful?
10+
10+
Adv. Siddhant Sharma
Delhi | 500+ Answers
Chat
Dear Client,
There can be many ifs and buts for this case. It all depends upon the documents which u have in hand and the facts of matter.
First of all speak with the family members of deceased person, take their feedback, check the valuation of business assets, also try to find out ways to liquidate it.
HOPEFULLY you would find some solution to get back your money.
Expert Jurist LLP
There can be many ifs and buts for this case. It all depends upon the documents which u have in hand and the facts of matter.
First of all speak with the family members of deceased person, take their feedback, check the valuation of business assets, also try to find out ways to liquidate it.
HOPEFULLY you would find some solution to get back your money.
Expert Jurist LLP
Helpful?
21+
21+
Adv. JV Bhosale
Mumbai | 400+ Answers
Chat
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