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Companies Law - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Winding up petition - Escrow account - Non payment for certain ...


Court Rules No Debtor-Creditor Relationship in Winding-Up Petition; Escrow Account Not a Financial Obligation Under Companies Law.

February 25, 2014

Case Laws     Companies Law     HC

Winding up petition - Escrow account - Non payment for certain invoices - there is no debtor-creditor relationship between Yahoo and Inflow. The escrow account was but a mode of payment - HC

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