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NCLT: Sole Proprietary Concern Cannot Start Insolvency Proceedings - (11 Oct 2019)

INSOLVENCY

National Company Law Tribunal Delhi has ruled that since a Sole Proprietary Concern is not a person under Section 3(23) of the Insolvency and Bankruptcy Code, 2016 it cannot initiate insolvency proceedings.

Tags : NCLT   SOLE PROPRIETARY CONCERN  

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