High Court scope limited in insolvency challenge, with liberty preserved to question constitutional validity under Article 32.

The SC disposed of the special leave petition by requesting the High Court to confine its consideration to relief arising from any action taken by the respondents or any order passed by the National Company Law Tribunal. The High Court was asked not to enter into the challenge to the validity of the Insolvency and Bankruptcy Code, 2016 or the constitutional validity of the National Company Law Tribunal. The petitioner's liberty to challenge those issues separately under Article 32 of the Constitution was preserved.

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Issues: Whether the High Court should be requested to confine its consideration to relief limited to any action taken by the respondents or any order passed by the National Company Law Tribunal, and whether the petitioner was left open to challenge the validity of the composition of the National Company Law Tribunal and the constitutionality of the Insolvency and Bankruptcy Code, 2016 under Article 32 of the Constitution of India.

Outcome: The special leave petition was disposed of with the High Court being requested not to enter into the challenge to the validity of the Insolvency and Bankruptcy Code, 2016 or the constitutional validity of the National Company Law Tribunal, while preserving the petitioner's liberty to approach this Court under Article 32.

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