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Insolvency and Bankruptcy proceeding
24-Jan-2023 (In Bankruptcy / Insolvency Law)
Can a Pvt Ltd Company (with Strike off status at ROC), file Insolvency and Bankruptcy proceeding against a Ltd. Company (Listed in NSE), for recovery of due Payments? Else what are other possible Legal Actions?
According to the latest judgments, Insolvency and Bankruptcy proceedings could be initiated against a company with strike off Status. But in your case, you can first revive your company and then easily file an Insolvency and Bankruptcy application under section 9 of IBC before Nclt.
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Regards
Madhav Nanda
Advocate
Feel free to contact.
Regards
Madhav Nanda
Advocate
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Adv. Madhav Nanda
Delhi | 100+ Answers
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Yes , you can always file if the corporate debtor is unable to pay your dues despite reminders provided the liability is accepted and reflecting in books of accounts of corporate debtor. the application needs to be filed with NCLT
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Adv. Rohit R Gupta
Delhi | 25+ Answers
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Yes the Buyer can raise dispute anytime after receipt of goods, even after 120 days of delivery. However it has be raised before receipt of the Demand Notice. If in case you've received the demand notice then take a plea about the quality etc in the reply to the demand notice.
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Adv. Mohit Nandwani
Delhi | 25+ Answers
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