https://www.taxtmi.com/highlights?id=56698 Initiation of CIRP - the operational creditor is a sole proprietorship firm and would fall within the definition of a person. An Operational Creditor means a person to whom an operational debt is owed/due. From the above, it is clear that the petitioner is an operational creditor of the respondent." Accordingly, the petition filed by a proprietary concern under Section 9 of the Code was held to be maintainable. - Tri en-us Fri, 12 Feb 2021 14:23:03 +0530 Fri, 12 Feb 2021 14:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56698 Initiation of CIRP - the operational creditor is a sole proprietorship firm and would fall within the definition of a person. An Operational Creditor means a person to whom an operational debt is owed/due. From the above, it is clear that the petitioner is an operational creditor of the respondent." Accordingly, the petition filed by a proprietary concern under Section 9 of the Code was held to be maintainable. - Tri Highlights Insolvency and Bankruptcy Fri, 12 Feb 2021 14:23:03 +0530 https://www.taxtmi.com/highlights?id=56698