IBC provisions infringe upon fundamental rights under Article 21, 14, 19, petitioners tell SC ...Middle East

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IBC provisions infringe upon fundamental rights under Article 21, 14, 19, petitioners tell SC
New Delhi: Petitioners, challenging several provisions of the Insolvency and Bankruptcy Code (IBC), on Tuesday told the Supreme Court that these not only failed to uphold the principles of natural justice but also infringed upon fundamental rights guaranteed under Article 21, 14 and 19 (1) (g) of the Constitution. A bench, headed by CJI D.Y. Chandrachud, started hearing a batch of petitions challenging the constitutional validity of several provisions of the IBC pertaining to personal guarantors’ Insolvency Resolution Process. Challenging Sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6), and 100 of the IBC the petitioners argued that provisions failed to uphold the principles

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