Case Law Details
Case Name : Amogh Industrial Products Vs Mirchi Developers Private Limited (NCLT Hyderabad)
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NCLT
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Amogh Industrial Products Vs Mirchi Developers Private Limited (NCLT Hyderabad)
NCLT Hyderabad dismissed the application filed under section 9 of the Insolvency and Bankruptcy Code, 2016 for initiation of CIRP due to non-compliance of section 69(2) of the Indian Partnership Act, 1932
Facts- This is a Petition filed by ‘M/s. Amogh Industrial Products’, a Partnership Firm (represented by its Partner Mr. Amar Das) u/s. 9 of ‘The Insolvency and Bankruptcy Code, 2016 against ‘M/s. Mirchi Developers Private Limited’, a company incorporated under The Companies Act, 2013. It was alleged that...
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Partnership registration is no required in CIRP as the same are considered as proceedings and not suits . Few judgements are available wherein sec 69(2) are not considered for cIRP .