Sale Of Business Agreement India
In the case of „Innovative Textile Ltd“. [2019 (4) TMI 1499 – AUTHORITY FOR ADVANCE RULINGS, UTTARAKHAND] is the seller and manufactures textile yarns, fabrics and clothing. The applicant intends to carry out its ongoing activities in the field of the manufacture, marketing and sale of textile yarns and fabrics from the textile factory on land no. B-8, Ph-1, SIDCUL Industrial Park, Sitarganj, Udham Singh Nagar, Uttrakhand to S D D Polytech (P) Ltd, in the form of a business transfer continuing on the basis of Slump Sale as a whole, with all assets and liabilities. The buyer agreed to acquire „Sitarganj Business“ as a continuation with all assets and liabilities on the basis of Slump-Sale, under the conditions set out in the transfer contract. For the reasons of sale and purchase and against a mutually agreed consideration, the seller and the buyer agree to conclude a contract. 2. The seller wishes to sell and the buyer wishes to purchase these commercial/commercial premises at a mutually agreed price and on the terms agreed below. (a) The seller has the right to manage the transaction as it is and may operate it Law______ under the State. 1.
That the total amount and the total amount of the counter-sale sale of Rs.——————- of the dwelling of part No. 1 was received by Part No. 2, with separate proof according to the details indicated: Banker`s check No—————— Dated ————— issued in the name of Party No. 1 and is drawn on ———————————————— – and after receipt of the aforementioned amount, Part 1 admits that nothing remains due to Party No. 2. all taxes and legal charges are imposed by party no. .