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.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
i bet anil ambani will not repay any loan.