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
Petition Under Section 95 Not Maintainable Against Partnership Firms: NCLT Hyderabad
Insolvency & Bankruptcy Code
The NCLT Hyderabad ruled that a petition under Section 95 of the Insolvency and Bankruptcy Code (IBC) is not maintainable against partnership firms. The court clarified that the provision only applies to individuals and personal guarantors, and therefore, any insolvency proceedings initiated against partnership firms under this section are void. This decision brings clarity to the scope of Section 95 and helps prevent misuse of the insolvency process against non-eligible entities.
