The Supreme Court ruled that a proprietorship is only a trade name and not a juristic person with separate legal status, holding that while such a concern can be sued, it cannot itself initiate legal proceedings.
Vaibhav Pandya, stepbrother of cricketers Hardik and Krunal Pandya, is embroiled in a legal dispute over allegedly embezzling Rs 4 crore from a shared business. He claims it’s a family matter and a misunderstanding. The prosecution seeks an extension for investigation, emphasizing the necessity to uncover crucial financial details.
