New Delhi, Sep 27 (PTI) A plea was today moved in the Delhi High Court challenging various provisions of the bankruptcy and insolvency code, claiming they are violative of fundamental rights.
A bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar listed the petition on October 10, when a similar pending plea would come up for hearing.
The petition filed by a steel manufacturing company challenged the validity of several provisions of the Insolvency and Bankruptcy Code, 2016, saying they violated the principles of natural justice.
Modern Steels Ltd, in its petition, sought quashing of implementation of section 7 of the Code saying it does not offer an opportunity of hearing to a corporate debtor against whom an application…
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