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Free NCLT Legal Advice |

Free NCLT Legal Advice from Top Lawyers in India

Gratuity receivable claim in case of company’s liquidation

Dear Team Company Vakil,
I was employed in one group of company for period of 4 year and then got transfered to other group of the same company, with my gratuity due to be transferred to that company where i have been working from last 5.5 yrs. Now the latter company is in nclt liquidation proceeding. so do i get my gratuity for 9 or10 years years if company gets liquidated.

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Being a debtor for petion filed by petition need remedy in NCLT court

Hi Team Company Vakil,
It has been 4 years since the company has been seized with all assets and bank accounts by Enforcement department and SEBI and CMD is been in custody for our company. Now In NCLT court we have received one more notice to appear for debt to reply to one of creditor. Added to same case the petitioner were appointed IPR who also given verbal submission to court there are many more creditors loan payment and dues are pending with our company.
Give remedy how to go about
1. what to submit in court procedure
2.Can this be settled outside court
3.Is there any ADR available
4. Let say any way our company can get restructured with valuation of debt and equity shares.
5. What could be process with court to change directors
6. What could be necessary to understand the financial position before court procedings

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