India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
SUPREME COURT STRENGTHENS FINALITY OF INSOLVENCY RESOLUTION PLANS WHY IN THE NEWS ? Judicial Ruling: The Supreme Court ruled that lenders cannot withdraw an approved insolvency resolution plan merely because a company’s financial position improves. Insolvency Certainty: The decision upholds the finality of approved resolution plans under the Insolvency and Bankruptcy Code (IBC), 2016, strengthening …
Read MoreSYLLABUS: GS 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Focus: Proxy advisors attract attention when their recommendations lead to rejection of resolutions like in the case of Nestle’s royalty payout Source: Reddit Proxy advisory firms position themselves as independent entities that offer guidance to individual shareholders, minority …
Read MoreWhy in the news? Supreme Court quashes ₹7,687-cr. arbitral award against Delhi Metro as ‘patently illegal’, relieving DMRC from exorbitant liability. source:slideserve About the Court’s Decision: Chief Justice Chandrachud, leading a three-judge Bench, deems the arbitral award as a “grave miscarriage of justice,” exercising Article 142 of the Constitution. The court overturned its previous judgement …
Read More
