https://www.taxtmi.com/caselaws?id=421492 The Tribunal dismissed the objection raised by the respondent regarding the applicant's legal status as an unregistered partnership firm under Section 69 of the Partnership Act, 1932. It clarified that applications under Section 9 of the Insolvency and Bankruptcy Code are not considered suits under the Partnership Act. The Tribunal admitted the application, appointed an Insolvency Resolution Professional, imposed a moratorium period, and issued directives for compliance. The decision emphasized the summary nature of insolvency proceedings under the IBC, distinct from traditional civil suits. en-us Mon, 11 Apr 2022 00:00:00 +0530 Mon, 25 Apr 2022 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421492 The Tribunal dismissed the objection raised by the respondent regarding the applicant's legal status as an unregistered partnership firm under Section 69 of the Partnership Act, 1932. It clarified that applications under Section 9 of the Insolvency and Bankruptcy Code are not considered suits under the Partnership Act. The Tribunal admitted the application, appointed an Insolvency Resolution Professional, imposed a moratorium period, and issued directives for compliance. The decision emphasized the summary nature of insolvency proceedings under the IBC, distinct from traditional civil suits. Case-Laws Insolvency and Bankruptcy Mon, 11 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421492