Constitutional Validity of IBC Section 204 and IBBI Regulations Regulation 23A
Issue: In a recent ruling, the Madras High Court addressed the constitutionality of Section 204 of the Insolvency and Bankruptcy Code (IBC) and Regulation 23A of the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations,