prospective creditor sentence in Hindi
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- "The court shall not give a hearing to a winding up petition presented by a contingent or prospective creditor until such security for costs has been given as the court thinks reasonable and until a prima facie case for winding up has been established to the satisfaction of the court ."
- A petition to the court for the winding up of a company may be presented by the company itself, or by any creditor or creditors ( including any contingent or prospective creditor or creditors ), contributory or contributories or the trustee in bankruptcy or the personal representative of a contributory.
- In that context, in my opinion, the expression " contingent creditor " means a creditor in respect of a debt which will only become due in an event which may or may not occur; and a " prospective creditor " is a creditor in respect of a debt which will certainly become due in the future, either on some date which has been already determined or on some date determinable by reference to future events.
- If the only established footing upon which the defendant can petition to wind up the company is as a contingent or prospective creditor, the burden rests on him to show prima facie that there is a case for winding up the company If the ground for seeking a winding up order is that the company is unable to pay its debts-and no other ground is suggested here-it would be incumbent on the defendant to establish a prima facie case that this was so.
- On March 3, 1995, after the Superior Court had dismissed the complaint, the Office of the Comptroller of Currency ( OCC ), the official charged by the National Banking Act with regulating national banks, issued a proposed regulation defining " interest " under the Act as including " any payment compensating a creditor or prospective creditor . . . [ for ] any default or breach by a borrower of a condition upon which credit was extended . " It specifically included late fees, among many others that had been criticized as unfair and misleading to consumers.
prospective creditor sentences in Hindi. What are the example sentences for prospective creditor? prospective creditor English meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.