Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Application U/S 94 Of IBC Cannot Be Entertained Against Sole Proprietorship Firms: Madhya Pradesh High Court
Civil LawInsolvency & Bankruptcy Code
The Madhya Pradesh High Court has ruled that an application under Section 94 of the IBC cannot be entertained against sole proprietorship firms. The court clarified that the IBC provisions related to personal insolvency do not extend to sole proprietorships. This decision provides clarity on the scope of the IBC. The ruling protects sole proprietors from unwarranted insolvency proceedings. The judgment helps to define the limits of insolvency law.
