Solicitor General Tushar Mehta, appearing for State Bank of India (SBI), has also said that the issue raised in the writ petitions pending before different high courts is of national importance and does not affect any rights of the petitioners.
The Supreme Court on Thursday transferred to itself a batch of writ petitions pending before different high courts challenging the provisions of Insolvency and Bankruptcy Code, 2016 (IBC) with regard to personal insolvency.
The top court asked the high courts to not entertain any fresh writ petitions on the issue and said that all interim orders passed by the high court would continue till further orders.
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