Suit against Insolvent & Bankrupt Company
Insolvency is a state where the liabilities of an individual or an organization exceeds its asset and that entity is unable to raise enough cash to meet its obligations or debts as they become due for payment. When an individual is unable to pay off his liabilities and debts then he generally files for bankruptcy. Here is asks for help from government to pay off his debts to his creditors. In case you are insolvent and tend to file for bankruptcy then you must seek legal advice in doing so, Lawtendo is your easiest solution, visit www.lawtendo.com.
Why Choose Lawtendo over others?
-Best and customised legal assistance based on your needs.
-Best lawyers who are experts and have a minimum experience of 15 years in their respective fields from all over the country.
-Hasslefree and fixed less costs saving you a hefty.
-Free initial consultations.
-Timely updates and dedicated case managers.
-Direct communication between you and your lawyer.
Once you send in a request, our representative will get in touch with you to understand your requirements.
All the documents and a questionnaire will be provided to record the details of your organisation and employees.
The complaint will be drafted and shared with you for review and approval within 7 days of receiving the documents.
The application will be filed before the NCLT within 3 working days of approval of the draft.
The lawyer will make preliminary arguments before NCLT and get the Application admitted.
After receiving the resolution plan, the RP will conduct a meeting of COC for voting. If 66% of voting is done in favour of a resolution plan then it will be adopted by COC.
In case where a resolution plan is not accepted, COC will opt for liquidation of such real estate company.
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