Supreme Court to pronounce verdict on challenges to IBC on Thursday ...Middle East

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New Delhi: The Supreme Court on Wednesday concluded hearing submissions made for and against the constitutionality of the Insolvency and Bankruptcy Code (IBC). The three-judge bench, headed by CJI D.Y. Chandrachud, will pronounce the complete judgement on the case on Thursday. While reading a part of the judgment, the bench noted that senior advocate Abhishek Manu Singhvi representing the petitioners submitted: “…all the petitioners pray for is adjudication by a judicial body and discharge functions under sections 7 and 9 of the IBC for the sake of the principles of natural justice. Primarily the petitioner argument postulates that the fundamental aspect is to whether the jurisdiction to en

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