Bringing every project of Supertech under insolvency proceedings will put homebuyers in a state of uncertainty & ‘cause immense hardship’ to them, says top court.
DGCA says it examined Go First's response & is committed to minimising passenger inconvenience in view of abrupt decision to suspend scheduled operations without prior intimation.
Low-cost carrier Go First on Tuesday alleged it had to ground 25 aircraft or about 50% of its Airbus A320neo aircraft fleet — as of 1 May — due to issues with Pratt & Whitney engines.
Covid induced backlog and secular crippling of the Adjudicating Authority’s functioning means we are fast approaching the pre-Code timelines for insolvency resolution, writes Ivan.
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.
Biggest failing of the bankruptcy code is its institutional infirmity. A US-style debtor-in-possession bankruptcy may have been far more suitable to India’s on-the-ground reality.
Govt has enabled a mechanism via an ordinance under which MSMEs can continue operations using the resolution process without needing to shut shop or change management.
According to the ordinance, it is considered expedient to provide insolvency resolution process to ensure a cost-effective outcomes that is least disruptive for MSMEs & preserves jobs.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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