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PM approves amendment in PECA Act 2016 to regulate social media

PM approves amendment in PECA Act 2016 to regulate social media
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In setback for lenders, Supreme Court dismisses pleas over govt dues under IBC

In a setback for creditors, including State Bank of India and Indian Overseas Bank, the Supreme Court dismissed their petitions seeking a review of its prior ruling. The ruling stated that statutory creditors, such as tax authorities and government agencies, would be considered secured creditors under the Insolvency and Bankruptcy Code (IBC).

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