Insolvency and Bankruptcy Code passes Supreme Court test; setback to defaulters

Supreme Court on Friday upheld the Insolvency & Bankruptcy Code’s constitutional validity in its ‘entirety’, and rejected petitions challenging the bankruptcy laws, in a major setback to defaulting promoters hoping for a chance to remain in control of their firms.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CK4F2q