-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 »Conviction Rate for Crimes Against Women Hits Record Low -Chaitanya Mallapur
-TheWire.in While the NCRB data have shown a substantial rise in crimes against women, activists say there has been an increase in reporting rather than the rate of crime. As many as 39 crimes against women were reported every hour in India, up from 21 in 2007, according to Crime in India 2016 report by NCRB. The rate of crime against women – crimes per 100,000 female population – was 55.2 in 2016,...
More »Information at the court's discretion -Aniket Aga
-The Hindu The judiciary’s brazen disregard for the RTI has now got a stamp of approval from a high court A six-year-long farce concluded at the Delhi High Court on November 21, 2017, and the Right to Information (RTI) Act, 2005 is the worse for it. At issue was the right of citizens to get information from the Supreme Court , and by implication, India’s higher judiciary, which has strongly resisted the...
More »Banks can wipe out your money -BR Muralidharan
-Deccan Chronicle Bail-in clause in the proposed law can make you lose your rights on your bank deposits. As part of a host of banking reforms, the Central government has approved a bill in June 2017 to enact a new law framing rules for the resolution of failing banks, whose details that surfaced on social media made all bank depositors a worried lot. If the government goes ahead with this move, it...
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