Insolvency and Bankruptcy Code faces another challenge at the Gujarat High CourtNovember 7 2017
The Gujarat High Court has passed an interim order prohibiting the NCLT Ahmedabad Bench from passing any adverse order against the Petitioners, Shivam Water Treaters Pvt. Ltd. The interim order was passed in a writ petition filed by Shivam Water challenging the provisions of the Insolvency and Bankruptcy Code, 2016.
This is just one of the several writ petitions that have been filed challenging the vires of the Code in the recent past.
This one has been filed by Shivam Water . . .
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