https://www.taxtmi.com/caselaws?id=293196 The Tribunal found that the application filed by M/s. D.K. Trading Company under section 9 of the Insolvency and Bankruptcy Code was not maintainable due to the firm's lack of legal entity status. The Tribunal emphasized that a sole proprietorship firm cannot initiate such proceedings and highlighted the insufficiency of evidence provided by the operational creditor to support their claim of goods delivery. The application was dismissed based on maintainability and lack of substantiating documents, allowing the petitioner to explore other legal options for their claim. en-us Fri, 31 Jan 2020 00:00:00 +0530 Thu, 28 Jan 2021 21:47:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293196 The Tribunal found that the application filed by M/s. D.K. Trading Company under section 9 of the Insolvency and Bankruptcy Code was not maintainable due to the firm's lack of legal entity status. The Tribunal emphasized that a sole proprietorship firm cannot initiate such proceedings and highlighted the insufficiency of evidence provided by the operational creditor to support their claim of goods delivery. The application was dismissed based on maintainability and lack of substantiating documents, allowing the petitioner to explore other legal options for their claim. Case-Laws Insolvency and Bankruptcy Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293196