Sole Proprietary Concern Cannot Initiate Insolvency Proceedings : NCLT [Read Judgment]

Sole Proprietary Concern Cannot Initiate Insolvency Proceedings : NCLT [Read Judgment]
sThe NCLT Delhi has held that since a ‘Sole Proprietary’ concern is not a person under section 3(23) of the Insolvency and Bankruptcy Code, 2016 (‘Code’), it cannot initiate insolvency proceedings.
Sole Proprietary Concern Cannot Initiate Insolvency Proceedings : NCLT [Read Judgment]