01 May 2013
a pvt co has tkn loan frm itd director nw lt wnt to repay d same bt it dnt hv enough money cn they repay it in any other manner than money.if s pls clrify me
02 May 2013
As per my understanding there is no other option which would be considered as a safe and legal one. However you may go for a professional consultancy in this regard.
13 June 2013
You take the loan from Bank but this fact for repayment must be brought in the knowledge of the bank. If there are no funds which means that your company is sustaining losses. Banker will also not entertain your loan application so the only option has already been suggested by the expert.