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Lucknow Acquitted All Was Created by Artfully Arrang- Testing Positive for Covid Ear-       Told Reporters

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Lucknow Acquitted All Was Created by Artfully Arrang- Testing Positive for Covid Ear-       Told Reporters 4 <9 + *5 5 5 8%!689+*1 .52.26 9.-:,)) 75.-!)8 + * 130#930& 20# 4 023 ) 00 &-2-)/4 0)-70 023428&,#-1 /3-+ 2/38/ #01 #&34 4+8 &3 #4 3 -0#O9-822&4&20 9-&0 040 &-+ )04& &-3-9 03 8# 3@0 / 746 @1 2& $567!=>889 !"> ? 0 * :" '' ))")-); 1 #)1 & 22,3 )"*)"+,"-*. /0)",1")++2 !"P )".,",-+/01"1)2 #010234 P !"# $ )"-",+"+3 $% % %% $ % n a significant verdict, the $ &' % $% /0",)"3112 $ $% % % )$ % % have tested Covid positive in istered 3,313 cases — reflecting as well in the State. For ISupreme Court on Friday $% % ) the last few months. a surge of 155.46 per cent in 49 instance, of the 20,162 Covid- $ ).")-")) held that individual guarantors $ &' The situation is equally days over the past one year dur- 19 cases registered in Surat city, to corporate loans will also grim in Uttarakhand, where ing the same period. 296 are of children between the ;,,")3"-.)/0)."*112 undergo insolvency proceed- R Covid cases among children in Delhi and Uttar Pradesh age group of 0 and 10 years. ings along with firms under the the 0-9 and 10-19 years’ age too are grappling with the rise In the past two months, P )"*3"31)/0)")+2 Insolvency and Bankruptcy groups have jumped by 155 per in infections among children. Punjab reported several cases Code (IBC) and they are not cent and 170 per cent respec- Cases of infection in children of adolescents and younger ))"."*/0)."*32 absolved of liabilities even after Ravindra Bhat held that bench, said. &' #010234 tively in comparison to the are trickling in from various population getting inffected, resolution plans to revive the approval of the resolution plan The top court also permit- fugure the past one year. districts like Surat, Ahmedabad while in Telangana, 2.7 per cent *",."))/03"*+)2 sick companies are approved. for revival of sick companies ted simultaneous insolvency oronavirus, which spared However, from April 1 to May and Vadodara in Gujarat. There of Covid victims have been the The verdict, upholding under the IBC does not dis- proceedings against corporate Cchildren in the first wave, 19 alone, the hilly State has reg- also have been a few fatalities children below 10 years. 1")".,./0"--.2 Centre’s November 15, 2019, charge personal guarantors of guarantors before National has started stalking them in the Continued on Page 11 notification bringing personal their liability to pay back banks Company Law Tribunals second wave with a string of guarantors of corporate debtors or financial institutions (FIs) as (NCLTs). States like Maharashtra, !"#$% under the net of the IBC, they are bound by separate “It is held that the Punjab, Tamil Nadu, Gujarat, ' assumes significance in view of contracts. impugned notification is legal Karnataka, Uttarakhand, Delhi # $ (' the fact that various high-pro- “It is held that approval of and valid. It is also held that and Andhra Pradesh reporting " & '() file industrialists may now face a resolution plan does not ipso approval of a resolution plan spike in infection in this vul- ! , insolvency proceedings along facto discharge a personal guar- relating to a corporate debtor nerable group, including new- 8#490# 94-# Health Statistics report, said as with their debt-ridden firms antor (of a corporate debtor) of does not operate so as to dis- borns. Those with co-mor- of December 31, 2020, Covid- ! 7 * : under the IBC. her or his liabilities under the charge the liabilities of personal bidities are failing to survive. t least 3 million people are 19 had infected over 82 million + Lenders had last year filed contract of guarantee. As held guarantors (to corporate In Tamil Nadu, around Aestimated to have died people and killed more than 1.8 bankruptcy cases against pro- by this court, the release or dis- debtors). The writ petitions, 1,000 to 1,300 children are from the Covid-19 globally in million worldwide. * moters of alleged delinquent charge of a principal borrow- transferred cases and transfer getting infected with the virus 2020, about 2 times higher than “With the latest Covid-19 ! 4 5 5 companies including Reliance er from the debt owed by it to petitions are accordingly dis- every day, while in Karnataka, the 1.8 million official fatality deaths reported to WHO now 5 ! ) Group’s Anil Ambani, Dewan its creditor, by an involuntary missed in the above terms, 39,846 children aged 0-9 years figure reported by countries to exceeding 3.3 million, based on 5 & ! 0 & Housing Finance Corp Ltd.’s process, i.e. by operation of law, without order on costs,” the 82- and 1,05,044 aged 10-19 years the World Health Organization the estimates produced for Kapil Wadhawan and Bhushan or due to liquidation or insol- page judgement said. have tested Covid-19 positive (WHO), a “significant under- 2020, we are likely facing a sig- ! 8 Power and Steel Ltd.’s Sanjay vency proceeding, does not Now if a corporate debtor between March 18 and May 18 count” of total deaths directly nificant undercount of total Singhal. The cases were how- absolve the surety/guarantor of faces insolvency proceedings this year. and indirectly attributed to the deaths directly and indirectly ever stayed on appeals filed in his or her liability, which aris- then the same proceedings can ! 4 & ! , Similarly, in Maharashtra, coronavirus, the global health attributed to Covid-19,” WHO higher courts. es out of an independent con- be “triggered” against individ- 99,022 in 11-20 age group and agency said on Friday. said in the report. 5* A bench comprising jus- tract,” Justice Ravindra Bhat, ual guarantors too, it said. 38,265 children up to age 10 The WHO, in its World Continued on Page 11 ! 4 * tices L Nageswara Rao and S writing the judgement for the Continued on Page 11 $% PO& !" & R ' P *+ 7 # 4 ,-,. nucleocapsid (S&N) proteins of ( SARS-CoV-2 virus with a high emembering numerous / 0 sensitivity of 97 per cent and Rpeople who died of Covid- specificity of 99 per cent. The 19, Prime Minister Narendra #010234 O, $% $ % #010234 kit was developed in associa- Modi on Friday turned visibly % P tion with Vanguard emotional as he offered his srael on Friday said India ays after launching an anti- Diagnostics Pvt Ltd, a devel- condolences to them. Imay not have made a public #010234 are of the opinion that the High DCovid drug, the Defence opment and manufacturing While addressing doctors, expression of support to Israel Court should consider looking Research and diagnostics paramedical staff, and other during the last few days, but it bserving that high courts into the possibility of imple- Development company frontline health workers from understood what Israel was Oshould refrain from pass- mentation while passing any Organisation based at New Varanasi, his home con- doing and why, Israel Charge ing directions not imple- directions, and if any such (DRDO) on Delhi. stituency, the Prime Minister d’affaires Rony Yedidia Clein mentable, the Supreme Court direction is not implementable, Friday came Thechoked and stopped for a while said here. on Friday stayed the Allahabad then the High Court should out with an Dipcovan kit to collect himself. the country must be prepared “Just imagine what would High Court order relating to refrain from passing it . indigenously was devel- “This virus took away so to fight the potentially fatal have happened if rockets had management of the COVID-19 It said the High Court designed anti- oped indige- many people who were close to condition that is increasingly been fired on Delhi as they it has been quiet. So far, the situation in Uttar Pradesh in should adopt the doctrine of body detection- nously by the us. I offer my deepest condo- seen in Covid patients in the were fired on Jerusalem on the calm has been kept. We hope which it had also said that the impossibility (a situation when based kit scientists, fol- lences to their families,” country. first day of the campaign? that it remains that way and entire healthcare system in vil- it is impossible for a party to named Dipcovan. A Delhi- lowed by extensive validation said Modi. “In recent days we have a Every country has the right to that there will not be any firing lages and small cities of the perform), which has been based pharmaceutical compa- on more than 1,000 patient The effect of the pandem- new challenge of black fungus. defend its sovereignty and its from Hamas.” state was “Ram bharose” (at upheld by this court. ny will produce this kit costing samples at various Covid des- ic has been so vast that despite It is important to prepare sys- citizens … Loss of life is trag- Interacting with media in God’s mercy). We are staying the order 75 only. The kit is expected ignated hospitals in Delhi. all efforts, numerous lives were tems to tackle it,” said the PM. ic,” she said. a virtual conference, she said A vacation bench of but we are not staying the pro- to hit the market in June. Three batches of the product lost, said a teary-eyed PM. He said vaccinations Making these assertions the future course of the cease- Justices Vineet Saran and BR ceedings before the High Giving details here about were validated during last one All the while, he went on to should be a mass movement in while lauding the truce reached fire will be determined by Gavai said the directions of the Court. The matter be listed on the kit, officials said it can year, they said. caution against the “new chal- the battle against Covid.
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