{"id":55264,"date":"2019-01-26T14:28:00","date_gmt":"2019-01-26T08:58:00","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=55264"},"modified":"2019-01-26T14:28:00","modified_gmt":"2019-01-26T08:58:00","slug":"supreme-court-upholds-constitutional-validity-of-insolvency-and-bankruptcy-code","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/supreme-court-upholds-constitutional-validity-of-insolvency-and-bankruptcy-code","title":{"rendered":"Supreme Court upholds constitutional validity of Insolvency and Bankruptcy Code"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/01\/sc-1.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"143\" data-attachment-id=\"55087\" data-permalink=\"https:\/\/www.legalindia.com\/news\/sc-seeks-centres-response-on-plea-alleging-arrests-under-scrapped-sec-66-a-of-it-act\/sc-46\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/01\/sc-1.jpg?fit=326%2C155&amp;ssl=1\" data-orig-size=\"326,155\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"sc\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/01\/sc-1.jpg?fit=326%2C155&amp;ssl=1\" class=\"alignleft size-medium wp-image-55087\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/01\/sc-1.jpg?resize=300%2C143&#038;ssl=1\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/01\/sc-1.jpg?resize=300%2C143&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/01\/sc-1.jpg?resize=150%2C71&amp;ssl=1 150w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/01\/sc-1.jpg?w=326&amp;ssl=1 326w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The Supreme Court on Friday upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC).<\/p>\n<p>A bench headed by Justice R F Nariman said they have upheld the constitutional validity &#8220;in its entirety&#8221;.<\/p>\n<p>The court, however, said that related parties in the act should mean a person connected with the business.<\/p>\n<p>The bench disposed of a batch of pleas filed by companies challenging various provisions of the IBC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &#8220;in its entirety&#8221;. The court, however, said that related parties in the act should mean a person connected with the business. The bench disposed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55087,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[43997],"class_list":["post-55264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-insolvency-and-bankruptcy-code"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Supreme Court upholds constitutional validity of Insolvency and Bankruptcy Code - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Supreme Court on Friday upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC). 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The top court lauded the working of the IBC and said, \"The flow of financial resource\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/01\/sc-1-300x143.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":60045,"url":"https:\/\/www.legalindia.com\/news\/plea-against-insolvency-code-ordinance-delhi-high-court-seeks-centre-stand","url_meta":{"origin":55264,"position":1},"title":"Plea against Insolvency code ordinance : Delhi High Court seeks Centre stand","author":"Legal India Admin","date":"July 28, 2020","format":false,"excerpt":"The Delhi High Court Tuesday sought the Centre's reply on a plea challenging the Insolvency and Bankruptcy Code (IBC) Ordinance which suspended proceedings against defaults arising on or after March 25 for six months in view of the COVID-19 pandemic. A bench of Chief Justice D N Patel and Justice\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/10\/Image-of-Insolvency-and-Bankruptcy-Code-2016.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":56850,"url":"https:\/\/www.legalindia.com\/news\/supreme-court-orders-status-quo-in-essar-insolvency-case","url_meta":{"origin":55264,"position":2},"title":"Supreme Court orders status quo in Essar insolvency case","author":"Legal India Admin","date":"July 22, 2019","format":false,"excerpt":"The Supreme Court Monday ordered status quo as of today in the Essar insolvency case. A bench headed by Justice R F Nariman said the monitoring committee will continue its work till the case is heard on August 7. 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