Supreme Court reserves judgment on plea challenging validity of IBC

A two-judge Bench was hearing the petitions moved by several operational creditors alleging discrim­inatory treatment given to a certain class of operational creditors

The Supreme Court on Tuesday reserved its judgment in petitions moved by opera­tional creditors challenging the validity of Insolvency and Bankruptcy Code (IBC). A two-judge Bench of Justice Rohinton Fali Nariman and Justice Navin Sinha was hearing the petitions moved by several operational creditors alleging discrim­inatory treatment given to a certain class of operational creditors and that IBC was unfair as it was protecting the rights of only financial creditors.