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.
Dissolution amounts to overreach, allows sister firm to escape liability. Experts disagree, say keeping firm alive just to face liability unreasonable, as promoters face action anyway.
NCLAT says club’s affairs were formerly being conducted in manner prejudicial to public interest, but adds govt-appointed committee can't supersede the club management indefinitely.
‘We all bear a collective responsibility to speak up and not be silent when we see things like the events of the last week,’ Jeff Dean, chief scientist at Google, wrote on X.
Releasing Export Preparedness Index report, NITI Aayog CEO says Centre has ‘ticked a lot of boxes’, & responsibility of driving the next phase of export growth now rests with states.
The proposed project costing about Rs 3.25 lakh crore will entail procurement of 18 aircraft in fly away condition & the rest made in India with up to 60% indigenous content.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
COMMENTS