https://www.taxtmi.com/caselaws?id=447634 The SC upheld the constitutional validity of Sections 95-100 of the Insolvency and Bankruptcy Code 2016. The court ruled that no judicial adjudication occurs at stages under Sections 95-99, with the resolution professional serving a facilitative role in examining applications and submitting recommendatory reports. The court rejected requirements for hearings during resolution professional appointments, finding no violation of natural justice as debtors retain participation rights. The adjudicating authority must observe natural justice principles when deciding under Section 100 whether to accept or reject applications. The interim-moratorium under Section 96 protects debtors from further legal proceedings. The provisions do not violate Articles 14 and 21 of the Constitution. Petition dismissed. en-us Thu, 09 Nov 2023 00:00:00 +0530 Fri, 27 Jun 2025 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447634 The SC upheld the constitutional validity of Sections 95-100 of the Insolvency and Bankruptcy Code 2016. The court ruled that no judicial adjudication occurs at stages under Sections 95-99, with the resolution professional serving a facilitative role in examining applications and submitting recommendatory reports. The court rejected requirements for hearings during resolution professional appointments, finding no violation of natural justice as debtors retain participation rights. The adjudicating authority must observe natural justice principles when deciding under Section 100 whether to accept or reject applications. The interim-moratorium under Section 96 protects debtors from further legal proceedings. The provisions do not violate Articles 14 and 21 of the Constitution. Petition dismissed. Case-Laws IBC Thu, 09 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447634