23 January 2011
It looks like a dumb question by a dumb person but reality is that one director, let's say Director A (50% share holder) of a pvt. ltd. giving un-secured loans to his company which is totally run by another , director B (also 50% share holder - director). The company is under dispute so director A want to get back his un-secured loans. Please kindly advise how and what should Director A do?
24 January 2011
Director B can get back unsecured laon as per terms of the loan agreement.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
24 January 2011
Sir, there was no agreement. So what should director A as a lender should do to recover his money when A is controlling the whole company ?