Law

IBC speeded up recovery of Rs 10.22 lakh crore from defaulting firms: Govt

IANS | December 29, 2024 6:37 PM

New Delhi, Dec 29 (IANS) As many as 28,818 applications for initiation of the Corporate Insolvency Resolution Process (CIRP), having an underlying default of Rs. 10.22 lakh crore, were resolved before their admission till March 2024 due to the behavioural change in debtor-creditor relationship effectuated by the Insolvency and Bankruptcy Code (IBC), according to the Ministry of Corporate Affairs' year-end review

ED summons KT Rama Rao on Jan 7 in Formula-E race case

IANS | December 28, 2024 9:57 AM

Hyderabad, Dec 28 (IANS) The Enforcement Directorate (ED) has summoned BRS working president and former minister, K.T. Rama Rao, senior IAS officer Arvind Kumar and former Hyderabad Metropolitan Development Authority (HMDA) chief engineer B.L.N. Reddy in connection with the case related to the alleged financial irregularities in conducting the Formula-E race when the BRS was in power.

RG Kar tragedy: Confidentiality of autopsy process compromised, states CFSL report

IANS | December 27, 2024 4:25 PM

Kolkata, Dec 27 (IANS) A report by the Central Forensic Science Laboratory (CFSL) over the ghastly rape and murder of a junior doctor of state-run R.G. Kar Medical College & Hospital in Kolkata in August this year, which surfaced earlier this week, has clearly stated that the confidentiality factor of the post-mortem process of the body of the victim was totally compromised and standard protocols were not followed during that process.