https://www.taxtmi.com/caselaws?id=289074 A petition in insolvency is a statutory proceeding for administration and distribution of the debtor's estate for the benefit of creditors, not a suit or other proceeding to enforce a contractual right. On that basis, the bar applicable to suits and proceedings to enforce rights arising from contract by an unregistered firm did not apply to a petition filed by partners of an unregistered firm. The court held the petition maintainable because the debt was legally recoverable and met the statutory minimum. The dismissal was set aside and the matter was restored for disposal according to law. en-us Wed, 19 Oct 1938 00:00:00 +0530 Mon, 13 Jul 2020 14:32:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289074 A petition in insolvency is a statutory proceeding for administration and distribution of the debtor's estate for the benefit of creditors, not a suit or other proceeding to enforce a contractual right. On that basis, the bar applicable to suits and proceedings to enforce rights arising from contract by an unregistered firm did not apply to a petition filed by partners of an unregistered firm. The court held the petition maintainable because the debt was legally recoverable and met the statutory minimum. The dismissal was set aside and the matter was restored for disposal according to law. Case-Laws Indian Laws Wed, 19 Oct 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289074