Posts

Chandra's plan to be watched by 5-member bench

New Delhi, Insolvency tribunal NCLT on Monday formed a five-member bench to decide on media baron Subhash Chandra's repayment plan in a personal insolvency case involving claims of more than Rs 22,000 crore after a division bench failed to reach a majority verdict.The division bench had referred the personal insolvency case against the Essel Group Chairman to the tribunal's president for fresh adjudication after failing to reach majority consensus on a proposed Rs 6.5 crore repayment plan despite referring the matter to a third judge.Also read: Subhash Chandra Rs 22,000 cr case: NCLT fails to get majority view on insolvency plan with 99.7 percent haircutThe five-member bench, formed for the first time in the NCLT's history, will be led by President Justice Anupinder Singh Grewal. The other members are Bachu Venkat Balaram Das, Mahendra Khandelwal, Atul Chaturvedi and Ravindra Chaturvedi. The bench will start hearing at 10:15 am on Tuesday in the Principal Bench of NCLT.Earl...

Hollywood set for record India box-office glory

from Economic Times https://ift.tt/Avsrf7b

Banks to launch 'Responsible Borrowing Campaign'

from Economic Times https://ift.tt/mAFGiJ9

Surging fuel and vehicle costs reshape gig hiring

from Economic Times https://ift.tt/M9sv1jQ

First US phosphate plant to be built since 1984

from Economic Times https://ift.tt/ew8D6NI

Sugar supply may improve with quota switch

Pune: The government will introduce a fortnightly sugar allocation system from September, replacing the existing monthly quota, in a bid to improve availability and prevent artificial scarcity in the market.Under the fortnightly quota, sugar mills will be required to sell at least 40% of the allocation in the first week and the remaining quantity in the succeeding week. It was observed that in certain cases, sugar sold by mills at the beginning of the month was being dispatched or lifted by buyers only towards the end of the month, leading to artificial scarcity, the government said in a statement.Sugar is a regulated industry. The Centre has been announcing a mill-wise monthly sales quota to manage sugar supplies and prices in the domestic market. The government expects the fortnightly system will enable it to monitor the demand and supply even closer, respond quickly to changes in market conditions, prevent artificial tightening of supplies, and release additional quota whenever requ...

The nations Canada trades with reveal whom it trusts

from Economic Times https://ift.tt/9douQIE