DID YOU KNOW that merely purchasing the immovable and movable assets of a factory in the auction conducted by the secured creditor (bank) does not constitute taking over the management and the entire unit as a going concern?
DID YOU ALSO KNOW that our office represented an auction-purchaser that purchased the assets of a defunct sugar factory before the Supreme Court and successfully persuaded the Court to stay the High Court’s order requiring the auction-purchaser to pay the arrears of wages of the factory’s workmen?