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Of the 28 institutions that are owed money, 13 are public sector banks, three are international subsidiaries of public sector banks and three are government-owned entities.
Read more about Games promoters play on Business Standard. If a promoter knows that he can afford not to repay loans and buy back his company in the bankruptcy court at a discount with a reduced debt burden, he has a strong incentive to drive his firm aground
Given the rapid increase in Covid-19 cases, the Railways operated Oxygen Express trains to transport liquid medical oxygen and oxygen cylinders for patients across India, using ‘green corridors’ for expeditious delivery. A ‘green corridor’ is a demarcated, cleared-out special route created for an ambulance or a vehicle to escape traffic congestion and to reach the destination in the shortest possible time. While ‘green corridors’ have been in use for a few years across cities and states to help transport donated or harvested organs to patients, in these trying times, the same are ...
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Representational image. An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification The government has amended the insolvency law to provide for a pre-packaged resolution process for micro, small and medium enterprises. An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification. The latest move comes less than two weeks after the suspension of certain IBC provisions ended. The suspension — wherein fresh insolvency proceedings were not allowed for a year starting from M...