Insolvency and Bankruptcy Code(Second Amendment) Bill, 2020 Passed by RS

VVOLOL NNO.O. XXIIII IISSUESSUE NNO.O. 2288 PPAGES.AGES. 88+8+8 ` //-- 4 EENGLISHNGLISH DDAILYAILY THE20 SUNDAY, SEPTEMBER, SOUTH 2020 PUBLISHED FROM: HYDERABAD, CHENNAI INDIA & BANGALORE EDITOR INTIMES CHIEF: BUCHI BABU VUPPALA www.thesouthindiatimes.com /facebook/thesouthindiatimes.yahoo.in / thesouthindiatimes.yahoo.in REFRAIN FROM FARM SECOND WAVE OF KERALA RECORDS PROTESTS AMID CORONA: CORONAVIRUS COMING TO SINGLE-DAY HIGH OF 4,644 PUNJAB GOVT UK: BORIS JOHNSON CORONA CASES SHORT TAKES Insolvency and Bankruptcy Code(Second COVID-19 tally crosses 53 Mass suicide lakh, RS passes Epidemic in Jaipur, 4 of Amendment) Bill, 2020 passed by RS jeweller’s family Diseases (Amendment) Bill found hanging New Delhi, Sep 19(UNI) sponding to the debate on the nance was brought out. With New Delhi, Sep 19 (UNI) As the The Rajya Sabha on Saturday Bill, Finance Minister Nirmala this intention, Section 10A of Novel Coronavirus caseload in- Jaipur, Sep 19 (UNI) In passed a Bill to temporar- Sitharaman said the purpose the ordinance was brought creased to 53,08,015 across the a shocking incident, the ily suspend initiation of the of suspending Section 10 A of in. Our intention of initiating country, the Rajya Sabha on Satur- bodies of four members Corporate Insolvency Resolu- the IBC was to prevent busi- corporate insolvency for mat- day passed a law, providing up to of a jeweller’s family - a tion Process (CIRP) under the nesses from getting pushed ters that occurred during lock- five years in jail for those attacking man, his wife and their Insolvency and Bankruptcy into insolvency due to the down, was to give immunity the doctors and healthcare workers two children - were found Code. The Insolvency and Covid situation. ‘The situation during this period. This is only engaged in duties during epidem- hanging at their resi- Bankruptcy Code(Second before us in March was clearly for those which arrive during ics, such as COVID-19. The Union dence in Jaipur on Satur- Amendment) Bill, 2020, of putting lives before liveli- COVID period. Amendment Cabinet had promulgated the Epi- have recovered from the virus in the day, said police officials. moved for consideration by hood. When PM announced of section 66 provides that no demic Diseases (Amendment) Ordi- last 24 hours, taking the number of The deceased were iden- the Upper House, was passed the Janta curfew, he said it obligation shall be filed by a nance, 2020, to amend the Epidemic cured to 42,08,432, the government tified as Yashwant Soni by a voice vote. was a preventive rem- resolution professional,’ she Diseases Act, 1897, to protect the data stated. The recovered include (47) and Mamta Soni (40) The passage of the Bill came edy and did said.On members comment- healthcare service personnel and Kerala Minister Jayarajan and his while their children were after the house negated the not know ing on the government com- property, including their living or wife, who were discharged from identified as Bharat Soni Statutory resolution for how ing up with lot of ordinances, working premises, against violence KGMCH, after recovering from the (17) and Ajit Soni (20). moved by K K Ragesh long it she said that the purpose of during the epidemics. contagion. According to the Indian While their sons’ hands disapproving the would this government coming up As per the Union Health Minis- Council of Medical Research, a cu- and feet were tied with a Insolvency and last. with Ordinances was to en- try, the country detected a spike mulative 6,24,54,254 Covid-19 sam- rope, the eyes of Mamta Bankruptcy Code Natu- sure that the emerging situa- of 93,337 new cases in the past 24 ples have been tested till date with Soni were covered with (Amendment) rally, tions are addressed from time hours, while as many as 1,247 Coro- 8,81,911 of them on Friday. a cloth. Relatives of the Ordinance, 2020 lock- to time. “We repeatedly hear navirus patients succumbed to the Maharashtra continued to remain deceased told police (No. 9 of 2020) down that this government comes infection in the same period, push- the worst-hit state, with 3,01,273 that the family was un- promulgated by the President als. Insolvency is a situation impacted business and fi- out with an ordinance. That ing the country’s death toll due to active cases, followed by Karna- der financial stress. Soni of India on June 5, 2020. where individuals or compa- nancial market, did we just is to ensure that the emerging COVID-19 to 85,619. The fresh cases taka with 1,01,148, Andhra Pradesh owned a jewellery shop The Bill amends the Insol- nies are unable to repay their sit and watch? No. ‘It is better situations are addressed and included Karnataka Deputy Chief 84,423, Uttar Pradesh 67,825 and each in Jaipur and Alwar. vency and Bankruptcy Code, outstanding debt. The Bill to suspend sections 7, 9 and we come back to the House Minister Ashwath Narayan and Tamil Nadu registering 46,506 pa- A woman with a few peo- 2016. The Code provides a seeks to temporarily suspend 10 of IBC so that we can pre- and get the Bills passed. It is a five MLAs of the Sikkim Legislative tients. Globally, India ranked a close ple reportedly had come time-bound process for re- initiation of the corporate in- vent businesses from getting responsive government’s duty Assembly. The country currently second in terms of positive cases, to their house on Friday solving insolvency in com- solvency resolution process pushed into insolvency and is to show that we are with the houses 10,13,964 active cases. How- with the US continuing to top the night demanding money panies and among individu- (CIRP) under the Code. Re- with that intention an ordi- people of India,’ she said. ever, as many as 95,880 patients COVID charts, with 6,727,889 cases. she had lent them. Soni said he would pay the amount once his house NEP SETS VISION OF DEVELOPING EQUITABLE & Wrong policies led to failure of and shop are sold, said sources. Soni was also VIBRANT KNOWLEDGE SOCIETY: PRESIDENT trying to sell his house Cong-RJD govts in Bihar: Owaisi and shop since long, they New Delhi, Sep 19(UNI) The discussion between the teacher Patna, Sep 19 (UNI) All into an alliance with the against communalism and informed. Additional National Education Policy aims and the student. India Majlis-e-Ittehad-ul Samajwadi Janata Dal communal parties,” the SP Manoj Chaudhary to reorient the education system The President said that the Muslimeen (AIMIM) chief Democratic (SJDD) ahead AIMIM chief said. “We are said that the deceased towards meeting the needs of the NEP also seeks to encourage Asaduddin Owaisi on Sat- of the Bihar polls. “We not scared of any politi- was into jewellery busi- 21st century by achieving the twin critical thinking and spirit of en- urday claimed that wrong will fight the election cal party. Our party had the RJD. I have defeated ness and had borrowed objectives of inclusion and excel- quiry. He opined that effective policies led to the failure under the leadership of contested the election in the BJP and the Shiv Sena money on interest by a lence, President Ram Nath Kov- implementation of the NEP 2020 of the Congress and RJD Devendra Prasad Yadav, 2015 from Kishanganj, but in Hyderabad,” Owaisi few people who were ha- ind said on Saturday. is likely to restore India’s glory as governments in Bihar. the president of SJDD. the Congress won. Today said. “In Maharashtra, the rassing them. Police have In the inaugural address of Vis- a great centre of learning as dur- Owaisi was in Patna We welcome all those the BJP is riding high in Congress party is sitting detained a few people itors’ Conference on ‘Implemen- ing the times of Takshashila and as the AIMIM entered parties who want to fight Bihar due to the failure of on the Shiv Sena’s lap. and are investigating the tation of National Education Poli- Nalanda. case, he said.. cy 2020 in Higher Education’, the Describing the novel features President said that the NEP sets of NEP, President Kovind said 3 LeT men the vision of developing an equi- that it would also introduce the PM to lay foundation stone of 9 highway arrested in table and vibrant knowledge so- ind observed that these institutes system of Academic Bank of ciety by providing quality educa- have greater responsibility of Credits. It would digitally store projects in Bihar on Monday J&K, weapons tion to all. Appreciating the efforts making India a global knowledge the academic credits earned sent by Pak of the Education Ministry and Dr superpower. The quality stan- from various Higher Education New Delhi, Sep 19(UNI) will enhance better con- Kasturirangan and his team, who dards set as benchmark by these Institutions so that degrees can Prime Minister Narendra nectivity, convenience and drones recovered prepared the policy, the Presi- institutions would be followed by be awarded, taking into account Modi will lay the foundation economic growth in and dent mentioned that the Policy other institutions. The President the credits earned by students. stone of nine highway proj- around the State. Movement Jammu, Sep 19 (UNI) Three has been prepared after extensive emphasized that fundamental This would allow students the ects in Bihar through video of people and goods will also suspected Lashkar-e-Taiba consultation with 2.5 lakh gram principles of the Policy include freedom to take courses as per conference on Monday, the improve substantially, espe- terrorists have been ar- panchayats, more than 12,500 lo- creativity and critical thinking in their vocational, professional or Prime Minister’s office said cially with the neighbouring rested by the security forc- cal bodies and about 675 districts order to encourage logical deci- intellectual requirements in addi- on Saturday.

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