Going Concern - Law Dictionary Search Results
going concern
Matched in: Term going concern
going concern value
Matched in: Term going concern value
Floating security
Floating security, in an equitable charge on the assets for the time being of a going concern. If attaches to the subject charged in the varying condition in which it happens to be from time … the essence of such a charge that it remains dormant unit the undertaking charged ceases to be a going concern, or unit the undertaking charged cases to be a going concern, or until the person in whose favour
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Undertaking
Transport Society Ltd. v. Financial Commr. & Secy. to Govt. of Haryana, (2002) 6 SCC 269. Means a going concern with all its rights, liabilities and arrest as distinct from the various rights and arrests which compose it, … entire organization. Whether a company or a plant or an organization, it is the entire business of the going concern that is embraced within the meaning of this term, Rustom Cowasjee Cooper v. Union of India, AIR 1970
Floating charge
to denote a security which is an equitable charge on the assets for the time being of a going concern. It allows of the business being carried on and the property comprised in it being dealt with in … it being dealt with in the ordinary course of business, until the undertaking charged ceases to be a going concern, or until the creditor in some way or other intervenes, See Government Stock, etc., Co. v. Manila Ry.
Property
has a wide connotation; and it includes not only assets, but the organisation, liabilities and obligations of a going concern as a unit, Shri Krishna Gyanoday Sugar Ltd. v. State of Bihar, AIR 2003 SC 3436. Property, in … Debabrata Mullick, AIR 1951 SC 293. Includes not only assets, but the organisation, liabilities and obligations of a going concern as a unit. Undertaking of a banking company is property, R.C. Cooper v. Union of India, AIR 1970
Goodwill
has been described as the 'cement' binding together the business and its assets as a whole and a going and developing concern. A variety of elements goes into its making, and its composition varies in different trades
fund
up bankrupt or insolvent companies with the goal of reorganizing them so they can be profitably resold as going concerns vt 1 a : to make provision of resources for discharging the principal or interest of b … bankrupt or insolvent companies with the goal of reorganizing them so they can be profitably resold as going concerns vt 1 a : to make provision of resources for discharging the principal or interest of b :
Successor-in-interest
in the following words: Did the purchaser purchase the whole of the business? Was the business purchased a going concern at the time of the sale transaction? Is the business purchased carried on at the same place as
Day-rule, or day-writ
of prison, for the purpose of transacting his business, as to hear a case in which he is concerned at the assizes, etc. Abolished by 5 & 6 Vict. c. 22, s. 12.
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