Gratuity Liabilities Of A Defunct Public Limited Company

legaltrouble

Dear sirs
Please confirm the Legal Gratuity & Workmen Salary Liabilities of a Public LImited Company
The said Company Assets (land, Plant & Machinery) have been sold by Public Auction for Recovery of Bank Loans
The Managing Director does not have any Assets in his personal capacity
The Company has Approached Gujarat High Court for Winding up Petition

umakanthan53

Dear friend in legal trouble,
Since the company was an entity registered under the Companies Act, 1956, how the assets were sold in public auction without obtaining the permission of the Companies Court in a winding-up proceedings?

legaltrouble

Dear sirs
please find attached note which incorporates details of the legal issue
we would really appreciate if you could go through the same and provide your inputs on the same
thanks and regards
dhruv modi

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