Showing posts with label apartment. Show all posts
Showing posts with label apartment. Show all posts

Samruddhi Realty Limited - Liquidation and Proof of Claim by Financial Creditors

By Ern Phang, Solicitor & Notary Public
Director of Phang Legal. Solicitor since 1998 and notary public since 2005.

Example: the situation

Rajiv paid for a flat with Samruddhi Realty Limited, and the company is now in liquidation. He has to send FORM D, his proof of claim, to the liquidator in India before the deadline closes.

If you're claiming from Australia, FORM D needs to be notarised. Let's discuss what's involved.

Caught out by the collapse of Samurddhi Realty Limited?

Sadly, you're not the only one. The collapse of Samurddhi Realty Limited has caught out a few of our clients as well.

Our clients have come to us to witness their signature and to certify their passport as part of their FORM D - Proof of Claim by Financial Creditors. The proof of claim must be submitted to the liquidator and time is running out. Although the deadline has been extended due to the global COVID-19 pandemic, it will soon be closing. Don't delay.

FORM D requires you to provide:

  • Your full name and identification information.
  • Your address and contact information.
  • The amount you are claiming, including interest.
  • Provide an affidavit confirming the information about the property, the sale agreement, the construction agreement, and associated information.
If you're living in Australia and sending this document to India, it needs to be notarised and you may also need to notarise a copy of your passport as well. Time is running out so don't miss out.

What next?

Example: the solution

Rajiv brought his completed FORM D and his passport to our office. Our notary public witnessed his signature, notarised the form and certified a copy of his passport, and he sent them to the liquidator before the deadline.

To obtain a quote on our notary public services for India, please visit Request a notary quote.

Get quote to notarise Indian documents
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About the author

Ern Phang, solicitor and notary public

Ern Phang — Solicitor & Notary Public

This article was written by Ern Phang, a director of Phang Legal, a solicitor since 1998 and a notary public since 2005.

Ern has been a member of the Society of Notaries of NSW since 2005, a Fellow of the Australian and New Zealand College of Notaries since 2013, and a member of the Law Society of New South Wales since 1998.

Ern regularly writes about his experiences as a notary public and the practical issues his clients face when sending documents from Australia to India and other countries all over the world.

Using information in this article
This article provides general information. Requirements, forms, fees and service arrangements may have changed since its original publication. Check the receiving organisation’s current requirements and obtain advice relevant to your circumstances.

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