Over 94% value erosion found in 165 IBC liquidation case{br} https://ift.tt/9KYv4j7

The value erosion is surprising because lenders always make sure there is a margin or promoter's contribution before granting a loan. If a bank extends a loan for a Rs 1,000 crore investment, it ensures a promoter contribution of Rs 200 crore.

from Times of India https://ift.tt/Zw2O0yM

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1st gang rape conviction in Muzaffarnagar riots: 2 sentenced to 20 years’ jail{br} https://ift.tt/2fivOAg

A local court in Muzaffarnagar has sentenced two men — Maheshvir and Sikander Malik — to 20 years in jail for the gangrape of a woman from the minority community during the 2013 communal riots in the western UP district that left over 50,000 homeless and claimed 60 lives. The third accused, Kuldeep Singh, had died during the course of the trial in 2020. The case had gained pace after the Supreme Court’s intervention. from Times of India https://ift.tt/ExW47u2
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