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Supreme Court upholds constitutional validity of Insolvency and Bankruptcy Code

News Agencies | Updated on: 25 January 2019, 12:24 IST

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

First published: 25 January 2019, 12:24 IST
 
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