A company could not avail benefit of the Sabka Vishwas scheme as it was under moratorium under IBC - The Courts are meant to do justice and cannot compel a person to do something which was impossible.
A Country can t remain prisoner of past : Supreme Court dismisses plea to rename cities named after muslim rulers; stresses on India s secular character. 2023 LiveLaw (SC) 156A High Court ~ howsoever.
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Blackstone, the worlds largest alternative assets manager, is exiting the distressed assets space in India by selling its controlling interest in a high-profile, six-year-old joint venture that includes Tata group, HDFC Bank and ICICI Bank. Mathew Cyriac, former PE co-head for Blackstone India, has emerged as frontrunner to buy a controlling 51% in IARC, said people in the know.
Cyriac had joined Blackstone as its second employee in India in 2006, but left in February 2017 to start his own venture, having overseen the firm s first leadership transition in the country.