-Scroll.in The Insolvency and Banking Code was brought in as a law in May 2016 to resolve cases of unpaid debts by companies. It allows creditors to initiate insolvency proceedings against defaulting companies so as to recover their money. The code was thought necessary because existing systems of dealing with insolvent companies had failed to deliver, with cases dragging on for years without result. The code sets up an Insolvency and Bankruptcy...
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Lack of transparency plagues India's new insolvency and bankruptcy regime -Nitin Sethi
-Scroll.in A year after its launch, the new process that handles the recovery of crores of rupees of unpaid corporate debt is shrouded in opaqueness. India’s new insolvency and bankruptcy regime has been functioning for a year without any disclosure norms or mandatory transparency regulations. In the first year of its application, the regime is already dealing with more than 450 cases that add up to thousands of crores of rupees...
More »Wages worth Rs 3,066 crore unpaid under MGNREGS in 19 states -Jitendra
-Down to Earth Even after an order by the Supreme Court, the government has not released the payments The flagship scheme for rural employment generation, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), is facing severe fund crunch this year, resulting in Unpaid Dues of Rs 3,066 crore in wage payments in 19 states. Around 87 per cent of the scheme’s budget for this year has already by exhausted. A civil...
More »Fresh UP baby death FIR sparks doc strike -Piyush Srivastava
-The Telegraph Lucknow: Once bitten, the Yogi Adityanath administration acted fast when reports came of mass baby deaths at a hospital in Farrukhabad that had allegedly failed to administer oxygen to them, registering an FIR against two senior doctors. But the decision, on the basis of a probe by a "non-technical team" of civil servants, has prompted government doctors in the western district to strike work till Wednesday and threaten mass resignation...
More »Police raj cry at hospital -Piyush Srivastava
-The Telegraph Lucknow: Parents of some of the 30 children who died over the past two days at a Gorakhpur medical college have alleged that as soon as the oxygen supply stopped and the deaths began, police were sent in to throw them out and pre-empt protests. Chief minister Yogi Adityanath and his government continued to insist today that the halted oxygen supply did not cause the deaths but at least one...
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