SC : Sessions Judges in Special Courts Authorized to Try Offences under IBC

Today, 19th April, The Supreme Court ruled that special courts led by sessions judges have the authority to try offenses under the Insolvency and Bankruptcy Code (IBC), contradicting the Bombay High Court’s interpretation. This broadens the scope of courts eligible to handle IBC cases. The ruling resulted from a Division Bench decision, sending the case back to the High Court for a new verdict.