suit. - (1) In other cases of an assignment, creation
or devolution of any interest during the pendency of a suit, the
suit may, by leave
dissolution of the partnership firm was given by the Appellant entailing the
devolution of liabilities of the partnership on the partners, that the partnership
firm ... Partnership Deed. The
partners do not have any right, title or interest in respect of the assets and
properties of a firm. We find that
dissolution of the partnership firm was given by the Appellant entailing the
devolution of liabilities of the partnership on the partners, that the partnership
firm ... Partnership Deed. The
partners do not have any right, title or interest in respect of the assets and
properties of a firm. We find that
creditors as per
their vote share or in accordance with their security interest. Once such a
decision is taken by the CoC after receiving ... allowing enforcement of security
interest in the subject property by treating it as a margin since such enforcement
of security interest can only be permissible
Acquisition of rights or interest in
financial assets.-........ (4) If, on the date of
acquisition of financial asset under sub-section (1),
any suit, appeal ... which contemplates continuance of
proceeding on the basis of devolution of rights with the leave of the Court
which is applied generally in civil proceeding