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1. Insolvency and Bankruptcy Code completes 10 years; facilitated realisations over Rs 4 lakh crore

Insolvency and Bankruptcy Code completes 10 years; facilitated realisations over Rs 4 lakh crore - Web Stories - 3 min read Insolvency and Bankruptcy Code completes 10 years; facilitated realisations

Insolvency and Bankruptcy Code completes 10 years; facilitated realisations over Rs 4 lakh crore

Insolvency and Bankruptcy Code completes 10 years; facilitated realisations over Rs 4 lakh crore - Web Stories - 3 min read Insolvency and Bankruptcy Code completes 10 years; facilitated realisations over Rs 4 lakh crore The Insolvency and Bankruptcy Code (IBC) completed 10 years of its existence today, marking an institutional transformation with far-reaching implications for credit markets and economic efficiency. Since its enactment in 2016, the resolution process under the Code has facilitated the realisation of over Rs 4 lakh crore for creditors, emerging as a watershed reform that consolidated and modernised the fragmented insolvency framework in the country. New Delhi [India], May 28 (ANI): The Insolvency and Bankruptcy Code (IBC) completed 10 years of its existence today, marking an institutional transformation with far-reaching implications for credit markets and economic efficiency. Since its enactment in 2016, the resolution process under the Code has facilitated the realisation of over four lakh crore rupees for creditors, emerging as a watershed reform that consolidated and modernised the fragmented insolvency framework in the country. The Ministry of Corporate Affairs revealed that, as of March 2026, 1,419 cases yielded resolution plans. This realisation to the creditors stands at 95 per cent and 167 per cent as against their fair and liquidation value, respectively. Till March 2026, a total of 8,987 cases were admitted, with 7,102 reaching closure. Of these closed cases, around 58 per cent, translating to 4,099 companies, were successfully rescued, while another 3,003 cases culminated in liquidation.

2. Internal audit observations routinely addressed, says HDFC Bank

Internal audit observations routinely addressed, says HDFC Bank

Internal audit observations routinely addressed, says HDFC Bank - Corporate & Business - 1 min read Internal audit observations routinely addressed, says HDFC Bank HDFC Bank has clarified that an internal audit observation, which caused a dip in its share price, has no material impact on its financial statements. The bank stated that such observations are addressed comprehensively and reaffirmed its commitment to sound financial practices and corporate governance. HDFC Bank on Thursday clarified that an internal audit observation cited in recent media reports, which triggered a decline in its share price, does not have any material impact on its financial statements and does not warrant a disclosure under market regulations. "In this connection, we wish to state that in line with the highest corporate governance standards of the Bank, the Internal Audit function conducts reviews, identifies and presents its observations from time to time," said HDFC Bank in its exchange filing. Further adding, "As such, the observations of Internal Audit function are comprehensively addressed by the Bank and that applies to the matter in question." The clarification followed queries from the National Stock Exchange of India Limited and BSE Limited seeking confirmation on news reports that led HDFC Bank shares sliding about 2.5% in intraday trade on May 27. "The Bank continues to maintain sound financial and risk management practices, with robust systems of internal control and oversight. We remain committed to the highest standards of corporate governance and regulatory compliance," the filing said, reiterating the bank’s commitment to corporate governance and regulatory compliance. "In this connection, we wish to state that in line with the highest corporate governance standards of the Bank, the Internal Audit function conducts reviews, identifies…

3. Calcutta high court upholds removal of CISF constable for repeatedly drinking on duty TNN / May 28, 2026, 18:24 (IST) In a decisive ruling, the Calcutta high court affirmed the termination of a CISF constable who repeatedly violated on-duty sobriety, highlighting the organization’s unwavering policy

Calcutta high court upholds removal of CISF constable for repeatedly drinking on duty TNN / May 28, 2026, 18:24 (IST) In a decisive ruling, the Calcutta high court affirmed the termination of a CISF constable who repeatedly violated on-duty sobriety, highlighting the organization’s unwavering policy

Calcutta high court upholds removal of CISF constable for repeatedly drinking on duty TNN / May 28, 2026, 18:24 (IST) In a decisive ruling, the Calcutta high court affirmed the termination of a CISF constable who repeatedly violated on-duty sobriety, highlighting the organization’s unwavering policy KOLKATA: Even minute alcohol consumption by a CISF member while on duty is not permitted, Calcutta High Court on May 21 upheld the removal of a constable for repeatedly drinking during duty hours; it was held that if such addiction is spared, it would lead to degeneration of the force’s standard.The CISF member was removed on May 4, 2023, after a major penalty charge sheet was issued against him on Jan 25, 2023. The authorities’ main contention was that he was given four minor penalties for his acts after drinking during work hours, but the constable did not change his ways. Justice Amrita Sinha held: “The Force consists of several members who come from various parts of the country and they dedicate their lives for the service of the nation. The citizens of the country are proud of the members of the disciplined armed force. Any member who behaves in such a manner which undermines the high prestige of the Force, ought to be dealt with appropriately. A member cannot be allowed or permitted to damage the values that the force stands for.” The constable’s lawyer argued that apart from taking a breath analyser test, the authority ought to have conducted blood and urine tests to get a more conclusive finding on the level of intoxication. It was contended that the breath test result did not contain details such as the presence of alcohol odour, gait abnormalities, speech impairment, consciousness level or whether the alcohol consumption was moderate or excessive. It was argued that authorities failed to conduct and subject the constable to the divided attention test, walk and run test or the one-leg stand test.

4. Inside CBI's "Tunnel View" Mapping Of Twisha Sharma's Final Hours

Inside CBI's "Tunnel View" Mapping Of Twisha Sharma's Final Hours CBI team at Twisha Sharma's marital home in Bhopal

5. Watch: Karnataka CM change: Siddaramaiah resigns, what’s next? | Above the Fold | 28.05.2026

Watch: Karnataka CM change: Siddaramaiah resigns, what’s next? | Above the Fold | 28.05.2026 Published - May 28, 2026 09:32 pm IST You are logged in Loading... Your active subscription(s) Account subs

1. General Manager (HR) and Ors. vs. K. Poovarasan (19.05.2026 - SC)(MANU/SC/0580/2026)

The Supreme Court of India addressed the issue of whether K. Poovarasan's employment as a Temporary Attender was valid, given that he possessed qualifications exceeding the prescribed limits. The appe

2. Satya Narayan Shukla vs. The State of Uttar Pradesh and Ors. (26.05.2026 - SC)(MANU/SC/0579/2026)

The Supreme Court of India addressed the issue of Satya Narayan Shukla's repeated litigation against the State of Uttar Pradesh regarding land compensation. Despite being allotted a larger plot and re

3. Mohammad Hanif Jainum Khalifa vs. The State of Karnataka (27.05.2026 - SC)(MANU/SC/0578/2026)

The Supreme Court of India addressed the conviction of Mohammad Hanif Jainum Khalifa, a bus driver, for causing death by negligence under Sections 279 and 304A of the Indian Penal Code. The court exam

4. A. Shahul Hameed vs. N. Malligarjuna and Ors. (27.05.2026 - SC)(MANU/SC/0577/2026)

The Supreme Court of India addressed the dispute between A. Shahul Hameed and N. Malligarjuna and others regarding the enforcement of a sale agreement. The core issue was whether the plaintiff demonst

5. Jagdish Prasad and Ors. vs. P.M. Manoj Kumar and Ors. (27.05.2026 - SC)(MANU/SC/0568/2026)

The Supreme Court of India addressed the dispute between Jagdish Prasad and others versus P.M. Manoj Kumar and others regarding the promotion criteria for the post of Assistant Sub Inspector-Executive

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