SC upholds constitutional validity of Insolvency and Bankruptcy Code

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

SC upholds constitutional validity of Insolvency and Bankruptcy Code

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.

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.