Constitutional Validity of Insolvency and Bankruptcy Code

Civil services chronicle The Supreme Court on January 25 upheld the Constitutional validity of the Insolvency and Bankruptcy Code, 2016 IBC).Points to Remember The apex court also dismissed the contention that the appointments made to the National Company Law Tribunal civil services chronicle magazine-lates and National Company Law Appellate Tribunal (NCLAT) were contrary to its earlier judgments and the Companies Act. The judgment directed the government to establish Circuit Benches of NCLAT within a period of six months Civil services chronicle