Adjudicating Authority not bound by Resolution Professional's recommendations u/s 99 IBC: Karnataka High Court

The Karnataka High Court upheld the constitutional validity of Sections 95, 99, and 100 of the Insolvency and Bankruptcy Code, 2016.
Adjudicating Authority not bound by Resolution Professional's recommendations u/s 99 IBC: Karnataka High Court
IBC and Karnataka HC

The Karnataka High Court recently dismissed a writ petition challenging the constitutional validity of Sections 95, 99 and 100 of the Insolvency and Bankruptcy Code, 2016 [Shri Babu A Dhammanagi and Ors v. Union of India & Ors].

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