Sunday, Aug 14, 2022
Dec 25, 2021 PTI Darwin Platform Infrastructure Ltd (DPIL) on Friday said its bid to acquire Lavasa Corporation through the insolvency process has been approved by the firm's lenders.
Nov 05, 2019 PTI With the above relaxation, more than 78% of the depositors of the bank will be able to withdraw their entire account balance.
Murlidhar Dharra, had as much as Rs 80 lakh in deposits with PMC Bank but could not withdraw the money due to the RBI curbs.
Sep 30, 2019 Outlook Web Bureau Forever 21, the teenage clothing emporium that rode America's mall boom and bust, said on Sunday that it filed for Chapter 11 bankruptcy.
On an immediate basis, lenders are expected to give Rs 750 crore to Jet Airways, which would come by pledging the airline's stake in Jet Privilege with banks.
The company said that it is actively engaged with all its aircraft lessors and is regularly providing them with updates on the efforts taken to improve the liquidity.
The operational creditors wanted to be treated at par with secured creditors like banks and financial institution who have first claim over the money coming through the proceedings under the insolvency law.
Pacific Gas and Electric the utility company that has been tied to deadly wildfires in California said it plans to file for bankruptcy at the end of January.
The company had been losing employees since the Harvey Weinstein sexual harassment scandal broke last October - the number has reduced to less than 70 this week from 140 staffers. The layoffs represent nearly a third of the remaining workforce.
Firestar Diamond blamed liquidity and supply chain challenges.
The so-called "bail-in" clause in the draft bill has been commented upon by experts as bringing potential harm to deposits, in the form of savings accounts.
The apex court, which had yesterday expressed unhappiness over the Centre's move to approach the NCLT, said the stay on the company law tribunal's order would meet the ends of the justice.
Scary Bail-in clause in FRDI Bill cleared by the Union Cabinet in June 2017 allows banks to finance themselves using depositors money.
RCom is estimated to be in debt of around Rs 45,000 crore.
The proposal for ordinance addresses concerns about various aspects of the Code, including the possibility of promoters wresting back control of a company under the insolvency process.
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The court also asked the interim resolution professional (IRP), a body formed by the National Company Law Tribunal (NCLT), to take over management of Jaypee Infratech.
More than 30,000 homebuyers of as many as 27 Jaypee projects in Noida and Greater Noida who are left in lurch after the NCLT admitted a plea of the IDBI for initiating insolvency proceedings against the company.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.
PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.
PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.
PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.
PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.
PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
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The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Jan 15, 2022 Saikat Majumdar 
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Jan 08, 2022 Rakhi Bose 
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
Jan 01, 2022 Saikat Majumdar 
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.
Dec 28, 2021 Tanvir Aeijaz 
