Stocks that will see action today: February 9, 2024 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Q3 results today: HDFC Bank, ICICI Lombard General Insurance Company, L&T Technology Services, TV18 Broadcast and Federal Bank are among the 31 companies set to release Q3 earnings today with analysts expecting overall good numbers.
​While the Sick Industrial Companies Act 1985 (SICA) provided ways for debtors to thwart creditors and recovery proceedings by allowing them moratoriums, IBC clamped down on errant promoters. A key provision, Section 29A, which prohibits backdoor entry of promoters to the company, was introduced. It barred them from submitting resolution plans and schemes under Section 230 of the Companies Act 2013, thereby restraining their right to regain control of the corporate debtor.