IBC: Section 95 Petition not Maintainable before NCLT against Partnership Firm/Directors/Individuals

Manyata Reallty Vs Registrar National Company Law Tribunal (Karnataka High Court) The legal landscape surrounding insolvency and bankruptcy has witnessed significant developments in recent years. One such provision is Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. This section deals with the maintainability of petitions before the National Company Law Tribunal (NCLT) against partnership firms, directors, and individuals. In this article, we delve into the case of Manyata Realty vs. Registrar National Company Law Tribunal, decided by the Karnataka High Court, which sheds light o...