Resolution process must lead to value maximization

India’s Insolvency and Bankruptcy Code (IBC) has been widely credited with reshaping the country’s credit culture. Still, recent developments in large insolvency processes suggest that its foundational promise of value maximization through a predictable process may be under strain. The intellectual foundation of the IBC emphasises that distressed assets must be resolved in a manner…

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‘No existential threat’: Israeli foreign minister jibes Iran, says can’t promise this will be ‘last war’

Israeli foreign minister Gideon Saar on Wednesday indicated that ongoing and future conflicts remain a possibility, saying that the country cannot guarantee the current war will be its last.Speaking amid continued regional tensions, Saar said Israel’s adversaries still retain the capability to launch attacks, though they do not currently pose a fundamental threat to the…

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‘Who is the biggest litigant? Cost should be imposed’: SC imposes Rs 25,000 penalty on Centre over CISF dismissal case | India News

The Supreme Court on Wednesday imposed costs of Rs 25,000 on the Centre for challenging a Punjab and Haryana High Court order that had set aside the dismissal of a CISF official, observing that the matter involved unnecessary litigation.Upholding the high court’s ruling, a bench of Justices B V Nagarathna and Ujjal Bhuyan also directed…

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