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Narada Case: Liberty Of Accused Must Not Suffer Due To Chief Minister's Dharna, Says Supreme Court


Narada Case: Liberty Of Accused Must Not Suffer Due To Chief Minister s Dharna, Says Supreme Court
Narada Case: Liberty Of Accused Must Not Suffer Due To Chief Minister s Dharna, Says Supreme Court
Narada Case: The crucial hearing in the politically sensitive case began with vehement submissions of Solicitor General Tushar Mehta.
The Supreme Court permitted the CBI to withdraw plea against the Calcutta High Court (File)
New Delhi:
Observing that while it did not approve dharna by the Chief Minister and the Law Minister against the CBI arresting four West Bengal leaders in the Narada bribery case, the Supreme Court Tuesday said the accused and their personal liberty should not suffer either on account of such protests. ....

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India's Sustained Economic Recovery Will Require Changes to Its Bankruptcy Law - Carnegie India - Carnegie Endowment for International Peace


Summary
One of the key drivers of economic recovery in India will be the efficient movement of capital from inefficient firms to efficient ones. The economic downturn caused by the coronavirus pandemic has been severe, and India’s economy was one of the worst affected in 2020–2021. Though the economy is recovering faster than initial estimates, sustained economic recovery will not take place if stressed businesses cannot restructure their debts properly or if failing firms cannot be resolved efficiently. India’s bankruptcy law is key to solving these challenges.
In 2016 India enacted the Insolvency and Bankruptcy Code, 2016 (IBC), which was a landmark reform to the nation’s financial system and the first comprehensive law to regulate insolvency. ....

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