Application under Section 9 of IBC, 2016 is not a suit


Last updated: 21 February 2023

Court :
NCLAT Delhi Bench

Brief :
The fact that a partnership firm is easy to incorporate and does not require to be registered is the major reason why a number of businesses opt for it. But when the partners choose to sit over it without registering, they will have to pay the price for it quite dearly

Citation :
ROURKELA STEEL SYNDICATE  Vs.  METISTECH FABRICATORS PVT. LTD. NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH,  NEW DELHI COMPANY APPEAL (AT)(INSOLVENCY) NO. 924 OF 2022

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