'By not only decriminalising routine business failures, but by ensuring that institutional lending and corporate rescue frameworks are strengthened via the IBC, the prime minister has ensured there is no room anymore for the proverbial 'reckless, prodigal debtor',' notes Sanju Verma.
So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel's acquisition of Bhushan Steel. Another Rs 1,500 crore is in an escrow account on account of Electrosteel Steels.
Judge Andrew Henshaw refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly $1.55 billion.
Sardar Udham sets a great standard which, Utkarsh Mishra believes, would be emulated by other film-makers who want to make movies of this genre.
The party believes that Mamata's poor handling of the pandemic and the devastation brought on by Cyclone Amphan will provide it the political fillip it needs.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
'Real estate loans are given in the garb of retail loans, sourcing money cheap from the NHB refinance window.' 'This loophole is being plugged,' notes Tamal Bandyopadhyay.
Mallya is separately fighting extradition to India on fraud and money laundering charges worth an estimated Rs 9,000 crore
From climate change protests to democratic uprisings against biased and violent authorities, it is clear that 2019 was a pivotal year for citizens all over the world. Free-to-use mobile app Agora launched its first #Photojournalism photo competition to give photographers a way to shed light on specific issues. The competition gathered more than 12,321 submissions from amateur and professional photographers all over the world. 'Young guns,' a striking picture of a group of Filipino children playing with dumpsite toy guns collected the most votes in the app, awarding its author @renebernal with a $1,000 cash prize. Take a look at the winners' striking work.
Naomi Mihara and Ritu Panchal report from Nepal to provide a more humane picture about the conditions on the ground and how the local populace is trying to cope with it.
A photograph of Kumar snapped while scurrying across the bridge with the child two days ago, has gone viral on the social media with people showering praise on him.
The four men, all lorry workers, aged between 20 and 24, were arrested on November 29 for allegedly raping and killing the woman by smothering her and later burning her body.
'All PoWs recounted that one of the worst aspects of their captivity in Tibet was the constant attempt at brainwashing by Chinese Communist propaganda,' reveals Claude Arpi.
'There will always be hiccups given that the Namami Gange programme is spread over different sectors and involves several agencies.'
'Let people across the LoC see the resolve of Bharat and the contribution of the Indian Security Forces in rebuilding the Valley. Let disaster become the rallying point for integration -- not only of society but also of all the instruments of State,' says General Anil Chait (retd).
'Clearly, the depositors of cooperative banks need the maximum protection.'
Read Prime Minister Manmohan Singh statement after he visited Uttarakhand on Wednesday
'No civilised nation can thrive if it is possessed with the spirit of Hindutva.'
The Sports Ministry has decided against conferring Renjith Maheswary the prestigious Arjuna award, as the triple jumper was found to have used a 'scheduled' substance (ephedrine) back in 2008.
The heartburn is over six sensitive issues
Official talks were held between Modi and Seikh Tamim for multi-sectoral partnership and strengthening of Indo-Qatar ties following which the agreements and Memorandums of Understanding were signed on the second day of the Prime Minister's visit.
The success of the government will depend substantially on the quality of its team of key ministers, officials and advisors
Atul Sengar, the brother of BJP MLA Kuldeep Singh Sengar was arrested after the Lucknow Director General of Police issued the arrest warrant against him.
A look at the top tweets from your favourite Bollywood celebrities.
The RSS realises that with a majority BJP government at the Centre and in several states, now was the best time to undermine and perhaps outdo the Congress-Left 'stranglehold' over campuses and young minds.
Voicing concern over the fate of the 13th Amendment to Sri Lankan Constitution that agreed to devolve some authority to provinces, Tamil Nadu Chief Minister Jayalalithaa on Sunday called for a "bold stand" by India, saying it cannot remain a "passive bystander."
'It is best that an amicable solution to the dispute is found outside the precincts of the courts of law,' says former Union home secretary Dr Madhav Godbole.
'The Modi administration has access to so much evidence that it can rip apart the Congress, not just the Nehru-Gandhis, but almost the entire leadership structure of the party,' says T V R Shenoy.
The system envisaged under the FRDI Bill, if implemented properly, would help improve the efficiency of capital allocation without harming consumers, and without risking the stability of financial firms, says Ajay Shah.
Does Mrs Donald Trump realise that her immediate predecessor, Michelle Obama, is not the only hard act to follow, wonders Kanika Datta.
The overriding objective of the National Investment and Infrastructure Fund (NIIF) must be adequate economic return, not financial return.
Articulate segments of Muzaffarpur have been at the the forefront of all anti-establishment mobilisation, which makes their silence over the atrocities in a shelter home in the town puzzling. Could it be that if those accused of horrific crimes belong to dominant castes and if the victims belong to the vulnerable groups, then the middle classes become mute, asks Mohammad Sajjad.
Singapore on Tuesday said 52 Indians will be deported and it will pursue criminal charges against 28 alleged rioters who actively participated in the country's worst outbreak of violence in over 40 years, sending a tough message to trouble-makers.
With the threat of disease outbreak lurking in flood-ravaged Jammu and Kashmir, efforts have been initiated on a war-footing to provide medical staff and medicines even as rescue operations were slightly hampered on Sunday due to return of rains in the Valley.
For all the blame-game over the flood preparedness in Chennai and elsewhere in Tamil Nadu and Puducherry, this is not the first of its kind. Nor would it be the last, given the nature of the north-east monsoon, says N Sathiya Moorthy.
Racing against time, rescuers on Sunday waded through tonnes of rubble of flattened homes and buildings in Nepal to look for survivors of the earthquake.
He was getting fruits, but no implement to cut them with. He told the judge, sadly: "I have tried and it is very difficult, your honour." His statement quickly brought up the imagery of Peter trying to cut a pineapple with his teeth or a papaya with a pen or a toothbrush.
To mark his 50th death anniversary, rediff.com has launched a special series to evaluate Jawaharlal Nehru's legacy.
The Bankruptcy Bill seeks to ensure predictability of outcome for creditors.
A recent inquiry report by the Geneva-headquartered Office of the High Commissioner for Human Rights has cast serious aspersions on the claims of the Sri Lankan government over alleged war crimes duirng the conflict with the LTTE. Vicky Nanjappa reports.
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