financial distress

The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 by a voice vote today. The Bill, which was initially referred to a Select Committee, aims to further amend the Insolvency and Bankruptcy Code 2016 to address procedural delays and interpretational issues faced by...

New Delhi, March 29 – Anil Agarwal, a major mining figure, stated on Sunday that Vedanta had received written confirmation that it had won a bid for a Jaypee Group asset, but the decision was subsequently reversed, without providing details.In a social media post, Agarwal said that Vedanta was...

Kolkata, March 29 – A man was arrested on charges of brutally killing his wife in front of their minor daughter in South Kolkata, police said on Sunday.The incident took place in the Kasba area of South Kolkata in the early morning, and the man was arrested while trying to flee the scene after...

New Delhi, March 24 The National Company Law Tribunal (NCLT) on Tuesday declined to stay the Vedanta Group's appeal against the order passed by the NCLT approving Adani Group's bid of Rs 14,535 crore to acquire Jaiprakash Associates Ltd (JAL).The two-member bench of the NCLAT sought a response...

Aizawl, March 23 Rejecting allegations leveled by the opposition Congress over land purchases in his constituency, Mizoram Chief Minister Lalduhoma said on Monday that the acquisitions were aimed at helping financially distressed people rather than personal gain.Speaking at a Zoram People's...

New Delhi, March 23 According to the government, as many as 11 airlines have exited the market in the last 10 years due to financial stress, lack of aircraft, and other internal issues.Minister of State for Civil Aviation, Murlidhar Mohol, told the Rajya Sabha on Monday that the aviation...

New Delhi, March 22 The National Company Law Tribunal (NCLAT) has exempted IL&FS Group companies – categorized as ‘red’ and ‘amber’ – from corporate social responsibility (CSR) obligations due to accrued interest expenses on their loans.This order will benefit approximately 50 ‘amber’ and...

New Delhi, March 20 – The government has blocked another 300 illegal gambling and betting websites as well as apps in a major crackdown across online sports betting platforms, online casinos offering slots, roulette, live dealer tables, and betting exchanges functioning like peer-to-peer betting...

New Delhi, March 19 A 24-year-old man was arrested along with his friend for allegedly burglarizing his own house in Shakarpur, east Delhi, to repay debts incurred from stock market trading, police said on Thursday.Sayan Sarkar conspired with his friend Vishal, also 24, and carried out the...

New Delhi, March 19 – Two individuals, including the complainant's son, have been arrested for allegedly staging a daylight burglary at a house in the Shakarpur area of east Delhi. Police have recovered around Rs 20 lakh worth of stolen gold jewelry and cash, an official said on Thursday...

Beed, March 18 A 55-year-old teacher from a private school reportedly committed suicide in the Beed district of Maharashtra, apparently due to frustration over his unpaid salary, police said on Wednesday.The deceased, Kailas Ughade, a resident of Ardhamasla in the Georai tehsil of Beed, was...

New Delhi, March 17 The National Company Law Tribunal (NCLT) approved Adani Enterprises Ltd.'s ₹14,535 crore bid to acquire Jaiprakash Associates Ltd. through the insolvency process on Tuesday.In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the NCLT, Allahabad bench, has...

New Delhi, March 13 Issues with the availability of LPG have begun to disrupt the livelihoods of street vendors across the national capital, forcing many to close their stalls or take out heavy loans to sustain their daily operations.The disruption has pushed several small-scale traders into...

Jaipur, March 12 A man allegedly killed his wife and eight-year-old daughter in a village here on Thursday, with police suspecting that he was under financial strain.According to officials, the accused, Sukhjeet, surrendered at a police station after the incident.Deputy Superintendent of...

Kanpur, March 12 Three members of a family – a woman, her son, and her brother-in-law – were found dead inside a locked room of their house in Fatehpur district, Uttar Pradesh, police said on Thursday.Preliminary investigation pointed to a possible suicide pact due to financial distress, they...

Chandigarh, February 25 Punjab Congress president Amarinder Singh Raja Warring on Wednesday alleged that the Punjab government was pushing the state towards financial distress by announcing schemes without clear sources of funding.The Punjab Congress chief said the Aam Aadmi Party (AAP)...

Ramanathapuram (Tamil Nadu), February 21 – Fishing activities remained suspended along parts of the Ramanathapuram coast in Tamil Nadu on Saturday, following the arrest of 22 fishermen from Rameswaram and Mandapam by the Sri Lankan Navy earlier in the week.Members of various fishermen...

Bengaluru, February 19 – A 60-year-old woman was allegedly murdered for her gold jewelry by a man who entered her house under the pretense of asking for water in Nelamangala, on the outskirts of Bengaluru, police said on Thursday.The crime occurred in the presence of her paralyzed husband, who...

Shimla, February 19 – Himachal Pradesh’s former Chief Minister Jai Ram Thakur said on Thursday that since the Congress government came to power in the state, it has regularly received substantial financial support from the Centre, but it continues to make serious remarks against the Centre...

Chennai, February 18 Police have registered the first case under the Tamil Nadu Money Lending Entities (Prevention of Coercive Actions) Act, 2025, after a borrower in the Villupuram district attempted suicide following alleged harassment by recovery agents, officials said on Wednesday.The case...