The article discusses India's ranking in the Ease of Doing Business Index, highlighting its challenges in resolving insolvency-related problems, which negatively impact foreign investment. To address these issues, India passed the Insolvency and Bankruptcy Code in 2016, aiming at creating a unified framework for insolvency resolution. The article outlines the key features of the code, including strict timelines, infrastructure development, and processes for corporate and individual bankruptcy.
Read Full ArticleIndian carrier SpiceJet accused of 'cannibalizing' grounded flight engine by flight engine finance lessor before the Delhi High Court.
Merely using the phrase that departure of a person will affect the economic interests of the country alone is not sufficient to sustain an LOC, the Delhi High Court has held while hearing a person's challenge to a Look Out Circular issued against him. What is the relation between 'country's economic interests' & Look Out Circular? Find out here.
SC: ‘Karta’ of Hindu Undivided Family can sell joint family property for legal necessity, ruling depends on facts of each case.
18 September, 2025 01:49 PM
Supreme Court orders CBI probe into advocate Naresh Dilawari’s BCom degree after Magadh University declares the certificate forged.
18 September, 2025 04:58 PM
SC to hear plea challenging invite to Booker winner Banu Mushtaq as chief guest for Mysuru Dasara, citing religious rights and traditions.
18 September, 2025 01:20 PM
![Merely stating person's departure will 'affect country's economic interests' insufficient for LOC: Delhi HC [Read Judgment]](/secure/uploads/2023/12/lj_6791_WhatsApp_Image_2023-12-29_at_4.12.22_PM.jpeg)
