Insolvency and Bankruptcy Code is not immune to the shortcomings of India's justice system like delays despite being one of the key reform initiatives of the government.
Petitioners, most of whom are homebuyers, challenged section 3 of the Ordinance claiming it rendered buyers, who are financial creditors, without remedy.
The IBC amendment bill seeks to protect bidders of insolvent companies from any risk of criminal proceedings for offences committed by previous promoters.
The amendments ensures successful bidders are ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of the companies.
Court says aggrieved home buyers can now approach the National Company Law Tribunal, Real Estate Development Authority as well as the consumer forums against defaulting companies.
The ECI needs to respond to Rahul Gandhi’s accusations professionally and transparently. Else, it will end up giving him the ammunition he is desperately seeking.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Gen Dwivedi framed Op Sindoor not just as retaliation to Pahalgam, but as demonstration of India’s capability to fight multi-domain conflicts with integration between services & agencies.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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