Ahir Mitra
Law Student

Manish Kumar v. Union of India 2021 SCC OnLine 30

The petitioners approached the Court in this case, questioning Sections 3, 4, and 10 of the Insolvency and Bankruptcy Code (Amendment) Act, 2020. The challenged amendment amends Section 7(1) of the Insolvency and Bankruptcy Code, 2016, in Section 3. It adds three provisos to Section 7. (1). Section 4 of the challenged amendment adds a new Explanation to IBC Section 11 (Explanation II). In the IBC, Section 32-A is inserted by Section 10 of the challenged amendment.

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