Saving for existing liabilities preserves pre registration debts and contractual obligations incurred by or on behalf of the company upon registration. Registration of a company does not affect its rights or liabilities in respect of any debt, obligation, or contract incurred by, to, with, or on behalf of the company before registration; pre registration debts and contractual commitments remain enforceable and continue to bind the company upon its registration.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Saving for existing liabilities preserves pre registration debts and contractual obligations incurred by or on behalf of the company upon registration.
Registration of a company does not affect its rights or liabilities in respect of any debt, obligation, or contract incurred by, to, with, or on behalf of the company before registration; pre registration debts and contractual commitments remain enforceable and continue to bind the company upon its registration.
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