SWISS RIBBONS PVT. LTD. V UNION OF INDIA
The Insolvency and Bankruptcy Code, 2016 (IBC) and its constitutionality were the main issues in the 2019 case Swiss Ribbons Pvt. Ltd. vs. Union of India. The case explicitly addressed a number of the Code’s clauses that were under attack. Together with other petitioners, Swiss Ribbons Pvt. Ltd. contested the constitutionality of the Insolvency and Bankruptcy Code, 2016, pointing out specific clauses that they claimed infringed upon the fundamental rights of both persons and businesses.
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