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A company had been member of a 80 lakhs chit , and after auction of the chit, the amount was taken b
01-May-2023 (In Recovery Law)
The chit-fund company had issued a notice through the court for repayment of the amount. The notice was issued to the guranteer. How to get the amount from his son-in-law?
Did you mean Insolvency Petition by IP? The transfer of assets could be a part of the strategy to avoid being held liable by the court for the repayment of the amount.
We would need more information to provide you a proper legal opinion.
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Adv. Chikirsha Mohanty
Delhi | 200+ Answers
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