Legal Question in Bankruptcy in India
If a UK resident is made Bankrupt and his assets are shares in an Indian Company and I buy them from the Trustee can I then enforce the company in India to accept me as a shareholder
Asked on 2/03/12, 7:08 am
2 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
once the person is declared bankrupt, the creditors have a lien on his assets, both movable and immovable, including the shares. the purchase may get frustrated due to legal action.
Answered on 2/05/12, 11:45 pm
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