Kharar Road Damaged Days After Build, Officials Under Scanner
A newly constructed road in Kharar, Mohali, damaged within days, exposing supervisory lapses & alleged fund misuse. DC orders probe, action against officials. Details inside.
Category : Search result: insolvency proceedings
Allahabad HC Rejects PIL Against Prayagraj Temple Work
The Allahabad High Court dismissed a PIL seeking to stop construction at a Prayagraj temple, stating the petitioner failed to prove it's government land. Read the full details and legal implications.
O'Brien Urges Speaker to Protect MPs' Right to Raise Points of Order
TMC MP Derek O'Brien writes to Lok Sabha Speaker Om Birla, urging him to ensure MPs can effectively raise Points of Order. He cites recent disruptions and calls for upholding parliamentary rules.
Byju's Offshore Firm Puts Aakash ₹250-Cr Rights Issue in Legal Jeopardy
Byju Raveendran's Singapore entity Beeaar Investco's role in Aakash's rights issue faces legal scrutiny amid QIA's $235M arbitration award. Experts warn of enforcement risk despite separate legal status. Read the full analysis.
Himachal Police SP Suspended in Shimla for Rule Breach
Himachal Pradesh government suspends SP Rajesh Verma in Shimla for alleged service rule violations. Disciplinary proceedings initiated under CCS rules. Read the full details.
Delhi HC: No CrPC Protection for Women in FEMA Cases
Delhi High Court rules that safeguards for women under CrPC do not apply to FEMA proceedings. Justice Neena Bansal Krishna dismisses a Canadian citizen's petition. Read the full analysis.
HC: Retired Employees Not Immune to Corruption Inquiry
Allahabad High Court dismisses a retired engineer's plea, stating inquiry for alleged corruption can continue post-retirement. Court emphasizes need to curb graft in government departments.
Kerala HC Orders Byju's RP, GLAS, EY India Heads to Appear
Kerala High Court directs Byju's RP, GLAS representative & EY India Chairman to appear personally in contempt case over alleged asset transfer. Key hearing set for July 17.
Aakash Rights Issue Stalled Over Byju's FEMA Compliance Issue
Aakash Educational Services halts ₹25 crore from Byju's parent in its crucial ₹250-crore rights issue over FEMA, ECB violations. The dispute threatens the fundraise amid leadership churn and insolvency battles. Read the full analysis.
Bombay HC Upholds SEBI Approval for WeWork India IPO
Bombay High Court dismisses plea against WeWork India's IPO, upholds SEBI's approval. Petitioner fined ₹1 lakh. Key details on the court's decision and its impact.
Realty IBC Reforms Pushed to Later Phase
Government to introduce corporate IBC amendments first, delaying structural reforms for homebuyers and stuck projects. Key changes for real estate require further consultation. #IBC #RealEstate
Winter Parliament Session: Opposition Demands Security Debate
Opposition parties demand discussion on Parliament security breach as government seeks cooperation for Winter Session. All-party meeting sets tone for crucial legislative work.
SP Warns Parliament Disruption Over Manipur Debate
Samajwadi Party threatens to halt Parliament proceedings if discussion on Manipur violence is not allowed. Opposition demands government accountability.
ED Uncovers IBC Misuse, Bid Rigging in NCLT Cases
Enforcement Directorate exposes manipulation of insolvency process, arrests Lalu Prasad Yadav's aide Amit Katyal. Crucial evidence of bid rigging and ₹50 lakh cash seized in nationwide probe.
Jaiprakash Gaur's Legacy Ends in Bankruptcy
At 94, Jaiprakash Gaur watches his life's work collapse as NCLT admits Jaiprakash Associates into insolvency. Read about his rags-to-riches story and ultimate downfall.
Financial creditors surpass operational creditors in IBC cases
India's insolvency code undergoes significant shift as financial creditors now dominate bankruptcy proceedings. Analysis reveals changing creditor behavior and recovery patterns under IBC framework since 2020 threshold change.
Parliament Winter Session Faces Stormy Proceedings
Parliament's Winter Session faces disruptions as opposition demands statement from Home Minister Amit Shah over major security breach. Key bills pending amid protests.
IBC Reforms: Biggest Changes in 9 Years Coming
India's Insolvency and Bankruptcy Code undergoes major reforms with cross-border insolvency and faster debt resolution. Parliament to consider revised bill in December session.
Bank Chiefs to Monitor Top NCLT Cases Personally
Public sector bank CEOs must personally oversee top 20 pending NCLT cases and 10 resolution accounts. DFS Secretary Nagaraju urges swift action for better recoveries through IBC ecosystem.
SC flags misuse of rape law in failed relationships
Supreme Court quashes rape case against lawyer, expressing concern over criminalization of failed relationships. Court emphasizes rape law should apply only in genuine cases of sexual violence.
10 Bills for Parliament Winter Session 2025
Indian government lists 10 crucial bills for Winter Session including Atomic Energy Bill 2025 and Higher Education Commission Bill. Key reforms in nuclear sector, education, and economy await parliamentary approval.
Govt mulls tower-level insolvency for homebuyers
Indian government and IBBI are developing a tailored real estate insolvency framework focusing on project or tower-level resolutions to protect homebuyers from construction delays. Learn how this new approach could transform the housing sector.
Allahabad HC quashes rape case after marriage
Allahabad High Court dismisses rape proceedings after accused and victim married. Justice Vivek Kumar Singh orders case closure in Sant Kabir Nagar. Read full details.
Comey Case in Jeopardy Over Grand Jury Error
James Comey's case faces collapse as evidence reveals grand jury procedural errors. Judge calls issues 'weighty' as statute of limitations expires. Will prosecution survive?
IBBI's New Valuation Format Aims to Cut Litigation
IBBI introduces standardized valuation format for distressed assets to enhance transparency and reduce lawsuits. Public feedback accepted until December 10. Learn how this impacts creditors.
SC extends stay on Rahul Gandhi army remarks case
Supreme Court defers hearing on Rahul Gandhi's army remarks case, extending stay on trial court proceedings. Get latest updates on this political legal battle.
SC to Rule on Spectrum Sale in Telco Insolvency Cases
Supreme Court deliberates whether telecom spectrum can be sold during bankruptcy. Government ministries divided as ₹40,000 crore remains stuck in Aircel, RCom cases. Read the full analysis.
Manipal, upGrad Vie for Byju's in NCLT Insolvency Battle
Manipal Group and upGrad compete for bankrupt Byju's parent TLPL in NCLT proceedings. US lenders hold 99.41% voting power deciding the fate of 1,780 creditors in India's biggest edtech collapse.
Manipal Submits EOI for Byju's Parent Think & Learn
Dr Ranjan Pai-led Manipal Education and Medical Group India has formally expressed interest in acquiring troubled edtech company Byju's parent Think & Learn. Discover the implications.
SC Reserves Verdict on Aircel, RCom Spectrum Insolvency
Supreme Court concludes hearing on whether telecom spectrum can be sold under IBC. The verdict will impact lenders' dues recovery and set a precedent for future cases. Read more.
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