SC Upholds Constitutional Validity Of Insolvency And Bankruptcy Code

0Shares

NEW DELHI — The Supreme Court on Friday upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC).

A Bench headed by Justice R.F. Nariman said they have upheld the constitutional validity “in its entirety”.

The court, however, said that related parties in the Act should mean a person connected with the business.

The Bench disposed of a batch of pleas filed by companies challenging various provisions of the IBC.

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.

ACT NOW
MONTHLYRs 100
YEARLYRs 1000
LIFETIMERs 10000

CLICK FOR DETAILS


Observer News Service

Leave a Reply

Your email address will not be published.

KO SUPPLEMENTS