Section 9 Petition Invalid if Filed for 284 Workers; Debts Must Be Assigned or Transferred to Creditor.

Section 9 Petition Invalid if Filed for 284 Workers; Debts Must Be Assigned or Transferred to Creditor. https://www.taxtmi.com/highlights?id=37885 Corporate insolvency process - This petition under Section 9 of the I & B Code cannot be filed in the representative capacity of 284 workers - The operational creditor himself can file a petition regarding the debt of other persons, only in case debt is assigned or transferred to him. - Tri en-us Thu, 08 Feb 2018 10:37:11 +0530 Thu, 08 Feb 2018 10:37:11 +0530 TaxTMI RSS Generator Section 9 Petition Invalid if Filed for 284 Workers; Debts Must Be Assigned or Transferred to Creditor. https://www.taxtmi.com/highlights?id=37885 Corporate insolvency process - This petition under Section 9 of the I & B Code cannot be filed in the representative capacity of 284 workers - The operational creditor himself can file a petition regarding the debt of other persons, only in case debt is assigned or transferred to him. - Tri Highlights Insolvency and Bankruptcy Thu, 08 Feb 2018 10:37:11 +0530 https://www.taxtmi.com/highlights?id=37885