https://www.taxtmi.com/caselaws?id=375488 The tribunal dismissed the company petition for winding up against a corporate debtor under the Companies Act, 1956, due to jurisdictional limitations. The dispute arose from a partnership agreement for a construction project, with allegations of incomplete work and abandonment. The tribunal clarified that jurisdiction over partnership debts lies with the Debts Recovery Tribunal, not the National Company Law Tribunal, emphasizing the exclusive jurisdiction provided by the Insolvency and Bankruptcy Code, 2016. The concept of joint and several liability was considered, but the tribunal concluded that it lacked authority to address partnership liabilities under the Code. en-us Wed, 29 Aug 2018 00:00:00 +0530 Tue, 19 Feb 2019 19:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375488 The tribunal dismissed the company petition for winding up against a corporate debtor under the Companies Act, 1956, due to jurisdictional limitations. The dispute arose from a partnership agreement for a construction project, with allegations of incomplete work and abandonment. The tribunal clarified that jurisdiction over partnership debts lies with the Debts Recovery Tribunal, not the National Company Law Tribunal, emphasizing the exclusive jurisdiction provided by the Insolvency and Bankruptcy Code, 2016. The concept of joint and several liability was considered, but the tribunal concluded that it lacked authority to address partnership liabilities under the Code. Case-Laws Companies Law Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375488