How can we sell our business during an ongoing appeal?

We are two foreigners who have been accused and convicted in an NDPS case and are currently in the process of appealing in the High Court in Kerala. Our passports have been taken away, leaving us with little to no rights to do anything. We would like to sell our business before the High Court trial. How can we do that?

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Advocate By LEAD INDIA Answered: 28 Jan 2025

Sir, if your business is registered, you are allowed to sell it, but it must follow legal procedures. To close the business formally, you may need to go through the winding-up process, which involves several legal steps. Consult a lawyer to guide you through the necessary actions. For further legal assistance contact us on our helpline number.
 

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