Amalgamation of Sole Proprietorship Firm with Company is not Permissible under Law, rules NCLT
The Delhi Bench of the National Company Law Tribunal (NCLT) observed that the amalgamation of sole proprietorship firm with company is not permissible under law. M/s SVS Marketing Sanitaryware Private Limited (‘Applicant’/ ‘Operational Creditor’) has filed the present petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (‘IBC, 2016’) read with Rule 6…
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