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Legal implications of not returning company's money


22-Jul-2023 (In Corporate Law)
I owe about money to a company, don't have money right now to repay. What are the legal implications?
Answers (1)

Answer #1
896 votes
If you have executed any documents promising to return the money, you need to do so.
In the alternative you can execute a supplementary agreement wherein you can reschedule the payment.
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