s 95 of IBC Not Maintainable Against Partnership Firms
Article Summary
-Insolvency Petition U/s 95 of IBC Not Maintainable Against Partnership Firms: NCLT
The NCLT concluded that since partnership firms are not covered by section 5(22) of the IBC, a petition under section 95 against them cannot be maintained. The appropriate forum to proceed against them will be the Debt Recovery Tribunal as provided...