https://www.taxtmi.com/highlights?id=76626 CIRP - Partnership Form - The court examined the definitions under the IBC and noted that it does not include partnership firms or their directors as corporate debtors. Rather, such cases fall under Part III of the IBC, which designates the Debts Recovery Tribunal as the adjudicating authority. The court highlighted amendments to the IBC regarding personal guarantors, specifying that they come under the Code's ambit. However, this addition did not extend to partnership firms or directors. en-us Tue, 16 Apr 2024 07:10:23 +0530 Tue, 16 Apr 2024 07:10:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76626 CIRP - Partnership Form - The court examined the definitions under the IBC and noted that it does not include partnership firms or their directors as corporate debtors. Rather, such cases fall under Part III of the IBC, which designates the Debts Recovery Tribunal as the adjudicating authority. The court highlighted amendments to the IBC regarding personal guarantors, specifying that they come under the Code's ambit. However, this addition did not extend to partnership firms or directors. Highlights Insolvency and Bankruptcy Tue, 16 Apr 2024 07:10:23 +0530 https://www.taxtmi.com/highlights?id=76626