https://www.taxtmi.com/caselaws?id=293714 The application filed by M/S. Mateshwari Minerals, a proprietorship concern, claiming to be an operational creditor under the Insolvency and Bankruptcy Code, 2016, was deemed not maintainable by the Tribunal. It was held that a proprietorship firm cannot initiate legal proceedings in its own name and must do so through its proprietor. The application was dismissed based on legal and factual inadequacy, without prejudice to the petitioner seeking recourse through the appropriate forum. The dismissal was solely on the issue of maintainability, with no opinion expressed on the merits of the underlying controversy. en-us Fri, 28 Feb 2020 00:00:00 +0530 Fri, 26 Feb 2021 09:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293714 The application filed by M/S. Mateshwari Minerals, a proprietorship concern, claiming to be an operational creditor under the Insolvency and Bankruptcy Code, 2016, was deemed not maintainable by the Tribunal. It was held that a proprietorship firm cannot initiate legal proceedings in its own name and must do so through its proprietor. The application was dismissed based on legal and factual inadequacy, without prejudice to the petitioner seeking recourse through the appropriate forum. The dismissal was solely on the issue of maintainability, with no opinion expressed on the merits of the underlying controversy. Case-Laws Insolvency and Bankruptcy Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293714