Insolvency and Bankruptcy Code 2016
The article discusses India's ranking in the Ease of Doing Business Index, highlighting its challenges in resolving insolvency-related problems, which negatively impact foreign investment. To address these issues, India passed the Insolvency and Bankruptcy Code in 2016, aiming at creating a unified framework for insolvency resolution. The article outlines the key features of the code, including strict timelines, infrastructure development, and processes for corporate and individual bankruptcy.
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Business
Amidst woes of mounting debt claims, SpiceJet accused of 'cannibalizing' grounded flight engine
Indian carrier SpiceJet accused of 'cannibalizing' grounded flight engine by flight engine finance lessor before the Delhi High Court.
![Merely stating person's departure will 'affect country's economic interests' insufficient for LOC: Delhi HC [Read Judgment]](/secure/uploads/2023/12/lj_6791_WhatsApp_Image_2023-12-29_at_4.12.22_PM.jpeg)
Judiciary
Merely stating person's departure will 'affect country's economic interests' insufficient for LOC: Delhi HC [Read Judgment]
“Merely using the phrase that departure of a person will affect the economic interests of the country alone is not sufficient to sustain an LOC”, the Delhi High Court has held while hearing a person's challenge to a Look Out Circular issued against him. What is the relation between 'country's economic interests' & Look Out Circular? Find out here.
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