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.
Consensual relationship or breakup can’t be termed criminal: SC quashes 2019 FIR, stating consensual relations don’t warrant prosecution for rape or intimidation.
21 November, 2024 12:25 PM
Patiala House Court orders Bikaner House attachment in a Rs 50L dispute, while Himachal Bhawan faces auction over a Rs 150Cr hydropower recovery case.
21 November, 2024 12:19 PM
Supreme Court hears Ashwini Kumar Upadhyay’s challenge to 42nd Amendment adding ‘Socialist’ & ‘Secular’ to Preamble, questioning its constitutional validity.
22 November, 2024 10:32 AM
![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)
