ISSUES AND CONCERNS

NEW DELHI: Clearly Insolvency & Bankruptcy Code (IBC) is one of the very important legislation by free India, meant to protect the public sector banks. No other legislation has been as effective as IBC in bringing to book, the defaulting borrowers, who have been playing with these public sector banks. Dewan Housing Finance Ltd or DHFL is a company that owes over Rs. 40000 crores to different financing banks. The failure to repay the outstanding loans has landed Wadhawan brothers, Kapil and Dhiraj in Taloja jail under judicial custody. Various bidders have shown interest, to buy the assets of DHFL but is short of total amount due to these banks and other creditors. Smarting under imprisonment, Kapil Wadhawan appears to be coming round to settle the outstanding. The print media report “DHFLs jailed promoter offers to settle all claims and loans” has informed that he has offered his family and personal properties to the tune of Rs. 43000/- crores. There have been many bidders, like US...

BHARAT RATNA LAL BAHADUR SHASTRI- SEVAK TO PRADHAN SEVAK- A LIFE OF HONESTY & SIMPLICITY In one of his abrasive and arrogant moment Rajdeep Sardesai, of the then CNN/IBN television channel took upon himself the role of selecting the ‘Greatest Indian After Mahatma’. In a TRP driven world of television, this exercise was thought to be a kind of game changer for the channel. After all most journalists, especially in India, think ‘what we think today, India will think tomorrow’. Rajdeep Sardesai was no different. So he goes about listing 100 Indians of some name and fame. Then he only selects a panel of ‘eminent’ juries to prune the list to 50. The panel consisted of some 20 ‘intellectuals’, of which 14 of them were journous and writers, most of whom had their own intellectual baggage. The panel prunes the list to 50, after including few more names, which they felt Rajdeep Sardesai should have included in the first place. The pruned list was further filtered to make it a “List of 10...