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SC upholds constitutional validity of Insolvency and Bankruptcy Code

A bench headed by Justice R F Nariman said they have upheld the constitutional validity "in its entirety".  

PTI PTI
New Delhi Published on: January 25, 2019 17:17 IST
Representtional Image

Representtional Image

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.

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