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"The defaulter's paradise is lost": India’s Supreme Court upholds constitutional validity of Bankruptcy Code

By Benjamin Clarke

25 January 2019

"The defaulter's paradise is lost": India’s Supreme Court upholds constitutional validity of Bankruptcy Code Supreme Court, Delhi / iStock.com/TkKurikawa

India’s Supreme Court has rejected a series of petitions challenging the country’s fledgling Insolvency and Bankruptcy Code and upheld the law’s “constitutional validity” in full.