Category : Search result: IBC misuse


Panel Proposes Multiple IBC Plans for Stressed Assets

A parliamentary panel recommends allowing multiple resolution plans for different assets of an insolvent firm, aiming to boost value and attract bidders. Explore the potential shift in India's insolvency landscape.

24x7 Tax Control Room Set Up for Mumbai Civic Polls

Income Tax Dept establishes a 24/7 control room in Mumbai to curb money misuse in Maharashtra civic elections. Citizens can report unaccounted cash or inducements via WhatsApp, SMS, or email.

Tihar Jail Scam: Pay-for-Meetings Racket Busted

A racket charging relatives for free inmate meetings at Tihar Jail exposed. Jail intelligence posed as kin, leading to transfer of 25 data entry operators. Biometric login planned.

MLA's MGNREGA Funds: 'Mistake' or Conspiracy?

Uttarkashi MLA Durgeshwar Lal faces controversy as ₹22,962 credited to his & wife's accounts under MGNREGA. Officials call it a 'mistake', MLA alleges conspiracy. Read details.

Panel wants 3-month deadline for NCLAT appeals under IBC

A parliamentary committee recommends a strict 3-month deadline for NCLAT to dispose of IBC appeals, addressing massive delays. The move aims to streamline India's corporate insolvency process. Read the full report.

Court orders FIR against Sena MLA Kudalkar for funds misuse

A special court in Mumbai directs ACB to register an FIR against Shiv Sena MLA Mangesh Kudalkar for alleged misuse of public funds meant for constituency development. The probe follows serious allegations of unauthorised construction.

80% Indians Have Superbugs, Lancet Study Warns

A new Lancet study reveals over 80% of Indians carry multi-drug resistant bacteria. Experts warn of an AMR crisis driven by misuse in humans, livestock, and contaminated food and water. Learn the urgent steps needed.

IBC Amendment Bill Report to be Tabled in Lok Sabha

A Lok Sabha committee will table its report on the IBC Amendment Bill 2025 on Wednesday, bringing a major insolvency law overhaul closer. The reforms aim to cut delays and boost investor appeal.

FSSAI Tests Eggs Nationwide for Banned Antibiotics

FSSAI launches nationwide sampling of eggs to check for banned nitrofurans. This follows concerns over Eggoz brand eggs. Experts warn of long-term health risks from antibiotic misuse in poultry.

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