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Legal

Supreme Court upholds bankruptcy code, setback for defaulters

Updated : January 25, 2019 04:44 PM IST

While dismissing a batch of petitions challenging the IBC, the apex court refused pleas to allow operational creditors' parity with financial creditors.
The court pronounced its judgement on a batch of 10 petitions challenging various provisions of the IBC, which included key issues pertaining to the role and treatment of operational creditors.
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