Nidhi Chaphekar is among a group of Jet Airways employees meeting ministers & keeping track of airlines' insolvency resolution process in a bid to get it up and running.
The Delhi High Court cited India's ongoing efforts to brings back "some people sitting outside the country" to deny Jet Airways' founder Naresh Goyal's plea to travel abroad.
Jet Airways could have survived if banks had understood that Naresh Goyal would not be able to cover costs. They could've instead supplied working capital through an in-court bankruptcy process.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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