The National Company Law Tribunal (NCLT) on Wednesday admitted Go First's voluntary plea to initiate the insolvency resolution process against the airline. A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company. It has also put the company under protection of moratorium and directed the suspended board of directors to assist the IRP to run the company during insolvency proceedings.
Punjab Chief Minister Parkash Singh Badal, who is Leader of the House, moved a resolution in the assembly saying that his state is facing "crisis of water" and does not have even one drop to share with others.
There may be those who could want to go slow, citing the large pendency of follow-up action and court cases that they would have to process and/or proceed with, before raiding more politicians, observes N Sathiya Moorthy.
Pawar, who had surprised the BJP by forging an unlikely alliance of Congress-Shiv Sena-NCP to form government in Maharashtra after the 2019 assembly elections, has already appealed to opposition parties to keep aside differences and join hands to challenge the Modi juggernaut.
Tharoor said people have incurred losses after their money which was invested in LIC, SBI was put by the government "in its friend's account".
A faux pas by Treasury benches during the voting on the ordinance on food security held up proceedings of Rajya Sabha for some time.
The political resolution passed at the party's national executive claimed that the Modi government has created a new "history" in the direction of the poor's welfare with its bold initiatives.
The Congress Legislature Party, which met at a private hotel in Bengaluru on Sunday evening, passed a unanimous resolution authorising the party chief to pick its leader.
The opposition Republican Party plunged into a crisis as its Speaker Kevin McCarthy lost the gavel after a small group of its Congressmen joined hands with the Democratic Party in an unprecedented vote in the House of Representatives.
Legislators from Bahujan Samaj Party, Bharatiya Janata Party, Rashtriya Lok Dal, Apna Dal jumped into the Well of the House with placards and banners even before the assembly proceedings started.
As soon as the House reassembled, Sarma stood to give his reply, which was objected by all opposition members saying "the matter was over".
Amid noisy scenes, Law Minister Ravi Shankar Prasad introduced the Muslim Women (Protection of Rights on Marriage) Bill 2017 for discussion and passage, but pandemonium broke out in the Upper House with the opposition creating an uproar and the BJP countering it vociferously.
The scaling up of the India-US strategic partnership to the level of non-NATO ally with defence deals, sharing and transfer of defence technology, interoperability, joint collaboration and joint production of defence equipment has exacerbated Moscow's anxiety, notes Rup Narayan Das.
Sharad Pawar on Friday evening announced that he was not stepping down as the president of the Nationalist Congress Party.
The protesters who had gathered under the banner of the Joint Forum for Restoration of Old Pension Scheme and National Joint Council of Action said they were worried about their post-retirement future.
The top court said the exclusion of a member of the Opposition from the House just because of a perspective which may not be consistent with the viewpoint of the government is a serious issue.
Rulers in New Delhi and their political aides in sensitive states like Tamil Nadu have to be doubly careful not to provoke a situation whose consequences may be much more than visible now to the naked eye, notes N Sathiya Moorthy.
Pawar was welcomed by office-bearers of the party amid slogans like "Desh ka neta kaisa ho, Pawar Saheb jaisa ho". The party workers in Baramati also thanked him for deciding to remain as NCP chief.
China on Monday dismissed the existence of a 'median line' in the volatile Taiwan Strait after Taiwan's defence ministry said it detected a record 103 Chinese warplanes flying around the self-ruled island in a 24-hour period.
At 79, Zoramthanga is working to rebuild his image as the people's CM.
Security remained tight at the Delhi borders with hundreds of personnel deployed at Singhu, Ghazipur and Tikri as thousands of farmers have been staging their protests at the borders for nearly a month now. This has also led to traffic congestion forcing police to divert vehicular movement.
India on Thursday abstained on a draft resolution in the UN Human Rights Council in Geneva on promoting reconciliation, accountability and human rights in Sri Lanka which was adopted.
Deriving from Narendra Modi's continuing charisma, the proposed scheme, if and when implemented, can cut both ways. That is to say, if Modi can win, he can lose. Or, someone else in his place, later on, could lose as much as he could win in his time, points out N Sathiya Moorthy.
Such a course would require a Constitutional Amendment, requiring a two-thirds majority in both Houses of Parliament. Even assuming that the INDIA combine comes to power at the Centre next year, a two-thirds majority in the Lok Sabha could way off the mark for them, observes N Sathiya Moorthy.
A total of 19 legislators from the opposition Congress and Aam Aadmi Party were suspended from the Gujarat assembly for a day on Wednesday after they shouted slogans against the Bharatiya Janata Party government before walking out of the House over the issue of a fake trainee PSI found undergoing training at a state-run police training academy.
Chief Minister Zoramthanga, deputy CM Tawnluia, ministers, and MLAs of the state cutting across party lines took part in the massive protest rally in Aizawl.
As the temple is inaugurated, unfortunately for Advani but unsurprisingly for the rest of us, the architect of the party's rise will not lead the ceremony and claim credit for his achievement, notes Aakar Patel.
Tamil Nadu Governor R N Ravi on Thursday staged an unprecedented walkout from the state assembly following a face-off with Chief Minister M K Stalin over the former's customary address to members of the house in its first session of the year.
The Bharat Nyay Yatra will be mostly covered by bus along with short stretches of walking.
State-run bus services have been completely suspended in five Marathwada districts while curfew and Internet shut-down have been imposed in parts of Beed where the houses of political leaders were targeted by protesters.
Pakistan's senate has passed a resolution making it mandatory for Prime Minister Nawaz Sharif to attend its session at least once a week after he failed to turn up since assuming the position last year.
Congress leader in Lok Sabha Adhir Ranjan Chowdhury and some other MPs suspended from Parliament will not be able to attend the meetings of parliamentary committees of which they are a member or chairperson till their suspension is revoked.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
Jarange, whose hunger strike at Antarwali Sarati village in Jalna district for reservation for the community in government jobs and education entered 12th day, also rejected the fresh outcome of talks held with a delegation of Maratha community leaders and the government late on Friday night in Mumbai.
When a resolution, moved by Chief Minister M K Stalin, to urge the Centre to implement the Sethusamudram ship canal project was taken up for discussion in the House members spoke on their party stand.
The Supreme Court on Thursday upheld a Madras high court order allowing Edappadi K Palaniswami to continue as interim general secretary of the All India Anna Dravida Munnetra Kazhagam, establishing his position as the single, supreme leader of the party.
The National Company Law Appellate Tribunal has directed the new board of the debt-ridden IL&FS Group to distribute Rs 16,361 crore of cash and InvIT units available across the Group to its creditors on pro-rata basis. The interim distribution award of Rs 16,361 crore includes Rs 11,296 crore in cash and Rs 5,065 crore in InvIT units (Infrastructure Investment Trusts) and a majority of this is to be distributed to the creditors of three large group firms -- IL&FS, IFIN and ITNL. "The interim distribution shall be confined only to the entities as reflected in Annexure-6 except those excluded and for the amount of Rs 16,361 crores i.e Rs 11,296 crore of cash and Rs 5,065 crores of InvIT Units," said an order by a two-member NCLAT bench headed by Chairperson Justice Ashok Bhushan.
From the trifecta of demography, democracy and diversity to the three ills of corruption, nepotism and appeasement, Prime Minister Narendra Modi in his Independence Day speech on Tuesday used several catchy phrases to drive home his government's achievements, his vision for the future and criticism of the opposition.
As soon as the House met at 2 pm, papers were laid on the table and two resolutions adopted amid slogan shouting and protest by Congress members.
Investors are pushing back more often against companies' resolutions on what is paid out to top executives. In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS). Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India.
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