<p class="title">The Supreme Court on Friday upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC).</p>.<p class="bodytext">A bench headed by Justice R F Nariman said they have upheld the constitutional validity "in its entirety".</p>.<p class="bodytext">The court, however, said that related parties in the act should mean a person connected with the business.</p>.<p class="bodytext">The bench disposed of a batch of pleas filed by companies challenging various provisions of the IBC.</p>
<p class="title">The Supreme Court on Friday upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC).</p>.<p class="bodytext">A bench headed by Justice R F Nariman said they have upheld the constitutional validity "in its entirety".</p>.<p class="bodytext">The court, however, said that related parties in the act should mean a person connected with the business.</p>.<p class="bodytext">The bench disposed of a batch of pleas filed by companies challenging various provisions of the IBC.</p>