2019 (3) TMI 1905

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....or the Petitioner: Mr. Shabbeer Ahmed, Advocate And Mr.B.Bharath Reddy, Advocate For the Respondent: Mr.S.Ravi, Senior Advocate, M.Naga Deepak, Advocate, Ms.Divya Datla, Advocate And Mr.Rohan Aloor, Advocate ORDER PER: K.ANANTHA PADMANABHA SWAMY, MEMBER JUDICIAL 1. The present Petition purported to be filed under Section 7 of 1B Code, against Respondent herein for initiation of CIRP for defaul....

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.... that the Present Petition is maintainable under the Code. 5. The Respondent filed Preliminary counter and stated that it is a society registered under Societies Registration Act, 1860 (XXI of 1860) and that it does not fall under the purview of Section 2 of 1B Code. The Respondent further contended that it being registered under Act XXI of 1860 and is not a body Corporate and remains unincorpora....

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.... Applicable to the Societies that are registered thereunder. As rightly pointed out by the Respondent the Judgement Cited Supra stands in their favour more particularly para 32. of the said Judgement read as follows: "32 It is only under Section 18 of the AP Societies Registration Act, 2001 that a Society registered there under is conferred the status of a body Corporate having perpetual success....