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Slump sale

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 November 2012 hello,
A(Ltd. Co.) sold its entire business to B(Ltd. Co.)under slump sale in which its(A)'s net worth is negative due to liabilities.
my query is that:-
1.the amount is recoverable from seller to buyers?
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Gayathri Devi

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Gayathri Devi (Expert)
12 November 2012 No it cant be recoverable.

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