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.
Source: Financial Express, January 25,2019