The Delhi HC Thursday restrained Anil Ambani from selling or transferring his assets, and allowed insolvency proceedings against his telecom companies to continue.
Lessons from the 2008 Global Financial Crisis can help us avoid policy mistakes during the Covid-19 pandemic, especially with respect to inflation & bad loans.
The petition claims suspension of section 10 of IBC will push the companies towards liquidation, discourage entrepreneurship and defeat the objectives of the Code.
Once a buyer establishes default before a bankruptcy court, the onus is on builders’ to prove that the buyer does not wish to take possession of their house, Supreme Court said.
The Supreme Court said only genuine homebuyers can invoke insolvency proceedings against builders and asked the Centre to file an affidavit taking the corrective measures.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
New Delhi: Chinese Foreign Minister Wang Yi Tuesday pushed for a “dual-track” progress for ties with India, separating economic ties from the boundary question,...
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
i bet anil ambani will not repay any loan.