No protection under IBC against interest claim of a partner

Parul A Vora Vs Kavya Buildcon Private Limited (NCLT Mumbai) Bench is of considered view that the IBC does not protect the interest or claim of the partner against another partner or the Firm as such though, the Financial Creditor may be entitled to the claims against the Corporate Debtor under any other law in force which may provide the legal recourse to the Financial Creditor. FULL TEXT OF THE NCLT DELHI ORDER This Company Petition filed under section 7 (“the Petition”) of the Insolvency and Bankruptcy Code, 2016 (IBC) by Parul A Vora (“the Financial Creditor or FC”), seek...