NEW DELHI: The Supreme court on Thursday transferred all petitions, pending in various high court of the country, challenging provisions of personal insolvency under the Insolvency and Bankruptcy Code (IBC) to itself. High courts have been directed to not to entertain any more writ petitions on this issue.
The order was passed by an apex court bench headed by Justice L Nageswara. The three judge bench, also comprising Justices Hemant Gupta and Ajay Rastogi, added that all interim directions passed in pending cases will continue till further orders.
The case will be next heard on 2 December for detailed arguments.
The bench on Wednesday had said it would pass orders on a batch of pleas filed by Insolvency and Bankruptcy Board of India…
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