The Rajasthan High Court has issued notice on a writ petition seeking to declare Section 7 of Insolvency Bankruptcy Code, 2016 as unconstitutional to the extent it facilitates a joint application by multiple financial creditors, to prove the minimum default of one crore rupees. A division bench of Justice Manindra Mohan Shrivastava and Justice Madan Gopal Vyas, ordered, "Issue notice...
