The Insolvency and Bankruptcy Board of India (IBBI) has lifted the restriction to allow the same insolvency professional for the resolution process of a company as well as its personal guarantor for a better harmonisation and effective coordination of both processes. The changes made to IBBI - Bankruptcy Process for Personal Guarantors to Corporate Debtors, Regulations, 2019 -- came into effect on January 31. IBBI has also amended the provision regarding the meetings of the Committee of Creditors to make them mandatory in insolvency matters about personal guarantors.
Times have changed, situations have changed, but the basic nature of superpower geo-politics remains the same and so also India's diplomacy -- call it non-alignment, strategic autonomy or neutrality; it all depends on the time scale, notes Rup Narayan Das.
Tral, the former hotbed of terrorism, rocks to the music of democracy.
They met at Modi's residence in New Delhi a day after the NDA won a majority of seats in the Lok Sabha election, paving the way for him to take the oath for a third consecutive term, a first for any ruling alliance since 1962.
The incident took place on Wednesday night in Tarrem area when a joint team of security personnel was returning after an anti-Maoist operation in forests on the tri-junction of Bijapur-Sukma-Dantewada districts, a police official said in Bijapur.
Babar Azam stood firm amid a batting collapse to compile his seventh Test hundred
The United States has vetoed a resolution in the UN Security Council on the latest Palestinian bid to be granted full membership of the United Nations, an outcome lauded by Israel but criticised by Palestine as 'unfair, immoral, and unjustified'.
Musheer Khan, younger brother of Sarfaraz Khan (9), saved his side from a total collapse with an innings of rare maturity that belied his 19 tender years.
Markets regulator Sebi has barred industrialist Anil Ambani, 24 other entities, including former key officials of Reliance Home Finance from the securities market for five years for diversion of funds from the company. Sebi has imposed a penalty of Rs 25 crore on Ambani and restrained him from being associated with the securities market including as a director or Key Managerial Personnel (KMP) in any listed company, or any intermediary registered with the market regulator, for a period of 5 years.
After several losses in the early years of the new century, a resurgent India notched up two consecutive series wins in Australia to become the Aussies' nemesis.
The resolution was passed during the state Cabinet meeting chaired by Chief Minister Kamal Nath, public relations department minister P C Sharma told reporters. Kerala, Punjab, Rajasthan and West Bengal have already passed resolutions demanding scrapping of the CAA.
Submitting a late return helps you stay compliant with tax regulations and avoid legal issues.
Last year, his family forced Kishore Singh not to write anything about them...
A round-up of the Ranji Trophy matches played on Saturday.
She also pointed out that the poor from villages are afraid to go to court.
Determined not to be arm-twisted into delaying the execution, he decided to hold a late night hearing at his residence. In the pitch blackness of the night, the original verdict was upheld. The next morning, on 9 October 1992, General Vaidya's assassins were hanged until death.
The Mumbai Bench of the National Company Law Tribunal (NCLT) on Monday approved Piramal Group's resolution plan for the beleaguered Dewan Housing Finance Ltd (DHFL), which has been reeling from the insolvency process since 2019. The plan put forward by Piramal Group, which has offered to pay Rs 37,250 crore, has been approved by the committee of creditors (CoC), the Reserve Bank of India (RBI), and the Competition Commission of India (CCI).
As many as 5,532 complaints were received by the regulator in January, an 80 per cent increase over the number of complaints filed in the previous month.
The bench was hearing a Public Interest Litigation (PIL) challenging the State Government's decision to retrospectively reduce the rate of police protection provided during the IPL matches. The PIL was filed by RTI Activist Anil Galgali.
Vinesh Phogat's appeal against her disqualification from the Olympic finals, this time till August 16, prolonging the Indian wrestler's wait for a resolution.
The high commission of India in Dhaka and the assistant high commissions in Chittagong, Rajshahi, Sylhet and Khulna have been assisting in the voluntary return of Indian nationals, he said.
Ahead of his much-anticipated visit to conflict-torn Ukraine, Prime Minister Narendra Modi on Thursday said India firmly believes that no problem can be solved on the battlefield and it is ready to extend all possible cooperation for the restoration of peace and stability in the region.
Prime Minister Narendra Modi has said that the Quad is not against anyone, but for a rules-based international order and respect for sovereignty, in a veiled reference to China.
The Indian Army is looking at deploying over 350 light tanks, mostly in the mountainous border areas.
A Chinese rocket start-up has suffered yet another launch failure, resulting in the loss of three satellites as part of a commercial constellation being assembled for global weather forecasting and earthquake prediction.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
The Maharashtra government on Wednesday informed the Bombay high court that it has decided to grant financial benefits to the family of an Army Major, who was killed in the line of duty in Jammu and Kashmir four years ago.
Setting aside their political differences, the ruling CPI-M-led Left Democratic Front and Opposition Congress headed United Democratic Front, once again came together to launch a joint fight against the Centre on the CAA, which has seen unprecedented protests all over the country.
The Jaishankar-Wang talks came amid the dragging border row in eastern Ladakh that entered its fifth year in May.
The West Bengal on Thursday became the sixth state to pass a resolution against the three contentious farm laws enacted by the Centre, even as the opposition Bharatiya Janata Party staged a walkout from the assembly amid 'Jai Shri Ram' slogans.
Croatian forward Ante Budimir scored twice to help Osasuna earn a shock 4-2 home win over leaders Barcelona.
Shareholders of industry giants Adani Enterprises, Reliance Industries, and Tata Motors - the latter two are part of the Sensex - will decide on combined related-party transactions of more than Rs 2.68 trillion proposed for this financial year and later. Related-party transactions for BSE 500 companies touched at least a six-year high of Rs 42.1 trillion in FY23, the Capitaline data shows. The Rs 42.1 trillion includes related-party transactions both at balance-sheet and profit-and-loss levels.
Bankers say debt resolution bills are coming high as resolution professionals are giving the human resources and audit/legal consulting to outside firms to plug all the loopholes.
'Who are Omar Abdullah and Mehbooba Mufti to issue certificates?'
A face-off between the government and the opposition was erupted on Wednesday after Lok Sabha Speaker Om Birla read out a resolution condemning the imposition of Emergency and termed the decision by then prime minister Indira Gandhi an attack on the Constitution.
There was no visible forward movement in disengagement of troops in the remaining friction points as the Chinese side did not show flexibility in their approach on it at the 11th round of military talks.
Granting SCS to the state has been a long-pending demand of the JD-U supremo and Bihar chief minister Nitish Kumar, whose Bihar cabinet had even passed a resolution last year requesting the Centre to grant SCS to the state.
'The ministry may like to consider setting up an ombudsman similar to electricity ombudsman and insurance ombudsman, to ensure a time-bound resolution of consumer issues within the airline sector.'
More than 60 per cent of shareholders of edutech Byju's on Friday voted for removal of founder CEO Byju Raveendran and his family over alleged "mismanagement and failures" at what was once India's hottest tech startup, but the company dug in its heels, calling the voting done in the absence of founders as "invalid". Prosus - one of the six investors who had called the extraordinary general meeting (EGM) - in a statement said "shareholders unanimously passed all resolutions put forward for vote.
The Defence Ministry said his tenure will be remembered for the 'resolute reply' to the Northern adversary in Eastern Ladakh and for a determined push towards self-reliance in defence besides embracing niche and disruptive technologies to fight future wars.
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