Hello Friends
There is one Company ,who has recently change its name,Now the problem arise here,the company want to take loan by creating charge on its immovable property which is registered in the previous name and the bank denies to consider the property belongs to the new name, as bank said the property doesnot belong to the Company as the Co.s name is changed, Now I want to know any Judgement ,by which we can prove to the Bank that acc. to section 394 of the Co.s Act,1956, all the properties and liabilities of the Company will belong to its new name.
CAclubindia
