Supreme Court upholds validity of key provisions of Insolvency and Bankruptcy Code

The judgment came in a batch of over 200 petitions challenging Sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6), and 100 of the IBC.
Supreme Court and IBC
Supreme Court and IBC

The Supreme Court on Thursday upheld key provisions of the Insolvency and Bankruptcy Code, 2016 (IBC), which had been challenged on various grounds including alleged absence of due process and a violation of natural justice principles.

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