R&I update on Supreme Court's judgment on the constitutionality of IBC

On 25 January 2019, the Supreme Court of India (Supreme Court) delivered its judgment (Judgment) in Swiss Ribbons Pvt. Ltd. v. Union of India (Swiss Ribbons). This has been eagerly awaited by the market as the matter consolidated multiple petitions challenging the constitutional validity of various provisions of the Insolvency and Bankruptcy Code, 2016 (Code) before multiple high courts in India between April 2018 and November 2018.