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Every year 2 2 lakh new patients develop chronic kidney failure in country

NL CorrespoNdent Chandigarh, Jan 20: “Every year 2.2 lakh new patients develop chronic kidney failure in the country. It is also the 6th fastest growing cause of death, which may become the 5th leading cause by 2040,” Dr Avinash Srivastava, director urology & renal transplant at Ivy Hospital, Mohali said that high blood pressure, diabetes,

Insolvency & Bankruptcy Code cannot be used as a tool for recovery: NCLT, ET RealEstate

Insolvency & Bankruptcy Code cannot be used as a tool for recovery, says NCLT

Insolvency & Bankruptcy Code cannot be used as a tool for recovery, says NCLT
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insolvency: Insolvency & Bankruptcy Code cannot be used as a tool for recovery; says NCLT

The National Company Law Tribunal (NCLT) in India has dismissed a plea to initiate insolvency against Orris Infrastructure, stating that the Insolvency & Bankruptcy Code (IBC) cannot be used as a "tool for recovery". The NCLT observed that the applicants had already received full payment from Orris Infrastructure in excess of the default amount. The applicants had signed an agreement with the realty firm, which included monthly assured returns. The construction was completed in 2013, and the occupation certificate was received in 2017, ending the period for paying assured returns in 2020.

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