https://www.taxtmi.com/caselaws?id=359515 The court upheld the constitutionality of Sections 7, 8, and 9 of the Insolvency and Bankruptcy Code, 2016, dismissing the petition challenging the differentiation between financial and operational creditors. It found the classification reasonable, justifying the preference for financial creditors in the Committee of Creditors. The court also ruled that the Code's provisions ensure principles of natural justice in insolvency proceedings and affirmed the economic rationale of the legislation as constitutionally valid. en-us Fri, 02 Feb 2018 00:00:00 +0530 Tue, 01 May 2018 09:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359515 The court upheld the constitutionality of Sections 7, 8, and 9 of the Insolvency and Bankruptcy Code, 2016, dismissing the petition challenging the differentiation between financial and operational creditors. It found the classification reasonable, justifying the preference for financial creditors in the Committee of Creditors. The court also ruled that the Code's provisions ensure principles of natural justice in insolvency proceedings and affirmed the economic rationale of the legislation as constitutionally valid. Case-Laws Insolvency and Bankruptcy Fri, 02 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359515