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SC upholds constitutional validity of Insolvency and Bankruptcy Code

SC upholds constitutional validity of Insolvency and Bankruptcy Code

New Delhi, Jan 25 (PTI) 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. PTI MNL SJK URD DVDV