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.
These are the four primary issues that have soured the relationship between SBI-led lenders and JKC and delayed the resumption of commercial flights by Jet Airways, once India's largest private airline, which went bankrupt in 2019. Over the past three years, the airline went through an insolvency process under which JKC's resolution plan was approved by a committee of creditors (lenders) and the National Company Law Tribunal (NCLT) in October 2020 and June 2021, respectively. But this didn't mean an end to the problems.
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.
Chief Justice of India (CJI) D Y Chandrachud on Tuesday said the greatest challenge before the Indian judiciary is to eliminate barriers to accessing justice and make sure that the judiciary is inclusive and accessible to the last person in the line.
The Ministry of Corporate Affairs (MCA) is contemplating an increase to the existing strength of the National Company Law Tribunal (NCLT) benches to handle the growing case load. The ministry is currently analysing the time taken by each bench to dispose of matters and the total number of cases being handled by each bench. "We need to first determine our requirement, given that the NCLT handles both Company Act and insolvency and bankruptcy matters. "The latter constitutes the majority of the case burden.
The Group of Ministers, set up to look into the bifurcation of Andhra Pradesh, has completed the process of discussions with various stake holders and will submit its report to the Union cabinet as early as possible to pave way for tabling Telangana Bill in the winter session of Parliament.
PM indirectly referred to North Korea's proliferation linkages with Pakistan.
During his visit to the Bastar district headquarters in the poll-bound state, the prime minister is scheduled to address a Bharatiya Janata Party rally.
RBI had on February 12, 2018 issued a circular saying that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above.
Proxy advisory firm Institutional Investor Advisory Services (IiAS) has asked independent directors of Raymond Ltd to consider appointing an interim CEO and investigate the allegations of assault by its chairman and MD Gautam Singhania on his wife and daughter, and the use of company funds for personal benefit. In an open letter to the company's five independent directors, IiAS also suggested they ask Singhania and his estranged wife Nawaz Modi, also a board member, to take time off from their responsibilities as board members. The five independent directors to whom the letter was addressed are Mukeeta Jhaveri, Ashish Kapadia, Dinesh Lal, K Narsimha Murthy, and Shiv Surinder Kumar.
Though NCLT has extended window to find a buyer, bankers don't see much hope of a deal.
She loves the rush of adrenaline and has a weakness for chocolates.
The rulers of the day need to be sensitive and involved in managing the identities of sacred spaces and the ongoing dialogues about the past in diverse societies, suggests Colonel Nikhil Apte (retd).
He said India can have a possible role in creating a multilateral forum of negotiations between the Palestinians and Israelis.
The code will apply to companies, partnerships, limited liability partnerships, individuals and any other body specified by the government
It had meant nothing but moments of intimacy, sweet but transient moments. An intriguing excerpt from Manju Kapur's new novel The Gallery.
Property buyers fund the project cost and the entire debt and entire equity servicing, and yet, have no locus standi in the IBC process, points out Debashis Basu.
Maratha quota activist Manoj Jarange on Thursday ended his nine-day-old indefinite fast, but warned of a bigger agitation if no action was taken in two months on giving reservation benefits to the community.
Real estate developer Supertech on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on 25,000 home buyers of the firm's ongoing projects in the Delhi and NCR region. Acting on a petition filed by the Union Bank of India for non-payment of around Rs 432 crore worth dues, the bankruptcy court ordered the initiation of insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group. The NCLT said "there has been a default in payment of the financial debt" and appointed Hitesh Goyal as the Interim Resolution Professional (IRP) superseding the board of Supertech Ltd.
Noted banker Uday Kotak said the country's financial system is currently in a Darwinian mode as only the fittest lenders are able to survive. Kotak also said that historically, whenever there has been a problem with a private sector lender, it has been merged with a state-run bank.
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.
He, however, seemed to indicate that he did give a personal guarantee to India's largest lender SBI, which has moved the NCLT to recover Rs 1,200 crore.
The Bharat Nyay Yatra will be mostly covered by bus along with short stretches of walking.
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.
The Bankruptcy Bill seeks to ensure predictability of outcome for creditors.
A joint statement released on Thursday said both sides exchanged views in an 'open and constructive' manner to resolve the 'relevant issues' and that it was agreed to maintain 'security and stability' on the ground in the region.
India on Monday pressed for early disengagement of troops in remaining friction points in eastern Ladakh during a fresh round of high-level military talks with China, people familiar with the matter said.
Cheteshwar Pujara continued to thrive in the English County circuit
India on Saturday pulled off a big diplomatic win after the G20 summit held under its presidency adopted a consensus declaration overcoming major differences on the Russia-Ukraine war, as Prime Minister Narendra Modi called for ending the "global trust deficit".
On the Ukraine conflict, Modi said, "Some people say that we are neutral. But we are not neutral. We are on the side of peace." "All countries should respect international law and the sovereignty of countries," he said.
Baba Ramdev's Patanjali Ayurved is considering bidding for the title sponsorship of the upcoming Indian Premier League, according to a company official.
Banerjee pointed out that the pain and trauma of Partition was such, that people in the state have never commemorated any day as foundation day since India's Independence.
China on Tuesday announced that its Defence Minister General Li Shangfu will visit India this week to attend the meeting of SCO defence ministers from April 27 during which he is expected to hold talks with his Indian counterpart Rajnath Singh on ending the prolonged eastern Ladakh standoff which has severely strained bilateral ties.
When I was leaving Pakistan and going abroad I had no feeling of happiness but today I am happy, Sharif said.
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.
External Affairs Minister S Jaishankar has met United States Defence Secretary Lloyd Austin and held a productive conversation with him on deepening bilateral defence cooperation, including in the co-production of defence articles, and exchanged perspectives on a variety of security issues.
India's role as a leader of the global south may require it to give up its ambition to serve as a bridge between the warring halves of the international community, points out Mihir S Sharma.
When asked if the Indian investigating agency would be allowed to visit Pakistan, Basit said that 'the whole investigation is not about reciprocity in view'.
Delhi Chief Minister Arvind Kejriwal on Friday said pollution levels declined in the national capital due to government initiatives as he announced a 15-point winter action plan to curb pollution.
Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have been invited to join the grouping.
