https://www.taxtmi.com/caselaws?id=396691 The Tribunal dismissed the application filed by M/s. S. Crane Engineering Works, an operational creditor, under section 9 of The Insolvency and Bankruptcy Code, 2016. The decision was based on the legal incapacity of a proprietorship firm to initiate such proceedings, emphasizing that a proprietorship firm lacks legal entity status. The ruling did not address the merits of the debt dispute but focused on the applicant's status as a non-legal entity, highlighting the importance of legal capacity in pursuing claims under the Insolvency and Bankruptcy Code. en-us Tue, 03 Mar 2020 00:00:00 +0530 Thu, 16 Jul 2020 08:15:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396691 The Tribunal dismissed the application filed by M/s. S. Crane Engineering Works, an operational creditor, under section 9 of The Insolvency and Bankruptcy Code, 2016. The decision was based on the legal incapacity of a proprietorship firm to initiate such proceedings, emphasizing that a proprietorship firm lacks legal entity status. The ruling did not address the merits of the debt dispute but focused on the applicant's status as a non-legal entity, highlighting the importance of legal capacity in pursuing claims under the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Tue, 03 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396691