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No. - RYP DN/34/2013-2015 8%!689+*1 .52.26 8.-9,: 75.-!)' + * 130#830& 20# 4 023 ) 00 &-2-)/4 0)-90 023427&,#-1 /3-+ 2/37/ #01 #&34 4+7 &3 #4 3 -0#O8-722&4&20 8-&0 040 &-+ )04& &-3-8 03 7# 3?0 / 946 ?1 =2& $567!(889 !"> = 0 * " '' ))")-): ) #)1 & 22,3 )"*)"+,"-*. /0)",1")++2 !"P )".,",-+/01"1)2 #010234 P !"# $ )"-",+"+3 $% % %% $ % /0",)"3112 n a significant verdict, the $ &' % $% 1,05,044 aged 10-19 The situation is alone, the hilly State has children are trickling in Supreme Court on Friday $ $% % % )$ % % I $% % ) years have tested equally grim in registered 3,313 cases from various districts $ ).")-")) held that individual guarantors $ &' Covid-19 positive Uttarakhand, where — reflecting a surge of like Surat, Ahmedabad to corporate loans will also between March 18 Covid cases among chil- 155.46 per cent in 49 and Vadodara in ;,,")3"-.)/0)."*112 undergo insolvency proceed- R and May 18 this year. dren in the 0-9 and 10- days over the past one Gujarat. There also have ings along with firms under the Similarly, in 19 years’ age groups year during the same been a few fatalities as P )"*3"31)/0)")+2 Insolvency and Bankruptcy Maharashtra, 99,022 have jumped by 155 per period. well in the State. For Code (IBC) and they are not in 11-20 age group cent and 170 per cent Delhi and Uttar instance, of the 20,162 ))"."*/0)."*32 absolved of liabilities even after Ravindra Bhat held that bench, said. &' #01 and 38,265 children up respectively in compar- Pradesh too are grap- Covid-19 cases regis- resolution plans to revive the approval of the resolution plan The top court also permit- 0234 to age 10 have tested ison to the fugure the pling with the rise in tered in Surat city, 296 *",."))/03"*+)2 sick companies are approved. for revival of sick companies ted simultaneous insolvency Covid positive in the past one year. However, infections among chil- are of children between The verdict, upholding under the IBC does not dis- proceedings against corporate oronavirus, which last few months. from April 1 to May 19 dren. Cases of infection the age group of 0 and 1")".,./0"--.2 Centre’s November 15, 2019, charge personal guarantors of guarantors before National Cspared children in in10 years. notification bringing personal their liability to pay back banks Company Law Tribunals the first wave, has start- guarantors of corporate debtors or financial institutions (FIs) as (NCLTs). ed stalking them in the under the net of the IBC, they are bound by separate “It is held that the second wave with a ' assumes significance in view of contracts. impugned notification is legal string of States like # $ (' the fact that various high-pro- “It is held that approval of and valid. It is also held that Maharashtra, Punjab, file industrialists may now face a resolution plan does not ipso approval of a resolution plan Tamil Nadu, Gujarat, ! , insolvency proceedings along facto discharge a personal guar- relating to a corporate debtor Karnataka, 7#480# 84-# The WHO, in its World with their debt-ridden firms antor (of a corporate debtor) of does not operate so as to dis- Uttarakhand, Delhi and Health Statistics report, said as ! 9 * : under the IBC. her or his liabilities under the charge the liabilities of personal Andhra Pradesh report- t least 3 million people are of December 31, 2020, Covid- + Lenders had last year filed contract of guarantee. As held guarantors (to corporate ing spike in infection in Aestimated to have died 19 had infected over 82 million bankruptcy cases against pro- by this court, the release or dis- debtors). The writ petitions, this vulnerable group, from the Covid-19 globally in people and killed more than 1.8 * moters of alleged delinquent charge of a principal borrow- transferred cases and transfer including newborns. 2020, about 2 times higher million worldwide. ! 4 5 5 companies including Reliance er from the debt owed by it to petitions are accordingly dis- Those with co-morbidi- than the 1.8 million official “With the latest Covid-19 5 ! ) Group’s Anil Ambani, Dewan its creditor, by an involuntary missed in the above terms, ties are failing to survive. fatality figure reported by deaths reported to WHO now 5 & ! 0 & Housing Finance Corp Ltd.’s process, i.e. by operation of law, without order on costs,” the 82- In Tamil Nadu, countries to the World Health exceeding 3.3 million, based on Kapil Wadhawan and Bhushan or due to liquidation or insol- page judgement said. around 1,000 to 1,300 Organization (WHO), a “sig- the estimates produced for ! 7 Power and Steel Ltd.’s Sanjay vency proceeding, does not Now if a corporate debtor children are getting nificant undercount” of total 2020, we are likely facing a sig- Singhal. The cases were how- absolve the surety/guarantor of faces insolvency proceedings infected with the virus deaths directly and indirectly nificant undercount of total ever stayed on appeals filed in his or her liability, which aris- then the same proceedings can ! 4 & ! , every day, while in attributed to the coronavirus, deaths directly and indirectly higher courts. es out of an independent con- be “triggered” against individ- Karnataka, 39,846 chil- the global health agency said attributed to Covid-19,” WHO 5* A bench comprising jus- tract,” Justice Ravindra Bhat, ual guarantors too, it dren aged 0-9 years and on Friday. said in the report. ! 4 * tices L Nageswara Rao and S writing the judgement for the said. R #010234 ,-,. detect both spike as well as nucleocapsid (S&N) proteins of emembering numerous / 0 SARS-CoV-2 virus with a high Rpeople who died of Covid- sensitivity of 97 per cent and 19, Prime Minister Narendra #010234 #010234 specificity of 99 per cent. The Modi on Friday turned visibly #010234 kit was developed in associa- emotional as he offered his srael on Friday said India ays after launching an tion with Vanguard condolences to them. Imay not have made a public aced with the target of Danti-Covid drug, the Diagnostics Pvt Ltd, a devel- While addressing doctors, expression of support to Israel Fmaking available 216 Defence opment and paramedical staff, and other during the last few days, but it crore Covid-19 vaccines Research and manufactur- frontline health workers from understood what Israel was by December-end, the take up the matter with Development ing diagnos- Varanasi, his home con- doing and why, Israel Charge Government is identifying AstraZeneca, the maker of Organisation tics company stituency, the Prime Minister d’affaires Rony Yedidia Clein manufacturing sites for indige- Covishield, to encourage them (DRDO) on based at New choked and stopped for a while said here. nously-developed Covaxin to grant more voluntary Friday came Delhi. to recollect himself. “Just imagine what would outside India. licences in India. out with an The “This virus took away so the country must be prepared have happened if rockets had The Centre is also taking The MEA and the indigenously Dipcovan kit many people who were close to to fight the potentially fatal been fired on Delhi as they up with vaccine manufacturers Department of Biotechnology designed anti- was devel- us. I offer my deepest condo- condition that is increasingly were fired on Jerusalem on the it has been quiet. So far, the like Moderna, Johnson and (DBT) will also prepare a body detection- oped indige- lences to their families,” said seen in Covid patients in the first day of the campaign? calm has been kept. We hope Johnson, and others the issue roadmap to address raw mate- based kit named Dipcovan. A nously by the scientists, fol- Modi. country. Every country has the right to that it remains that way and of granting voluntary licence to rial supply constraints for Delhi-based pharmaceutical lowed by extensive validation The effect of the pandem- “In recent days we have a defend its sovereignty and its that there will not be any firing third-party manufacturers here Covishield and identify the company will produce this kit on more than 1,000 patient ic has been so vast that despite new challenge of black fungus. citizens … Loss of life is trag- from Hamas.” on transfer of technology. sources of raw material while costing 75 only. The kit is samples at various Covid des- all efforts, numerous lives were It is important to prepare sys- ic,” she said. Interacting with media in The move follows com- as for Pfizer vaccine, the expected to hit the market in ignated hospitals in Delhi. lost, said a teary-eyed PM. tems to tackle it,” said the PM. Making these assertions a virtual conference, she said plaints from various States Department for Promotion of June. Three batches of the product All the while, he went on to He said vaccinations while lauding the truce reached the future course of the cease- about the shortage of vaccines Industry and Internal Trade Giving details here about were validated during last one caution against the “new chal- should be a mass movement in between Israel and Hamas on fire will be determined by which is hampering its nation- (DPIIT) will take up the mat- the kit, officials said it can year, they said. lenge of black fungus” saying the battle against Covid. Thursday, she also said, “So far ground realities. wide vaccination programme ter with MEA, Niti Aayog and launched on January 16. Law Secretary to prepare a Officials in the Union Health status report on issue of indem- Ministry said World Health nity and liability agreement PO PO P Organization (WHO) will also being proposed by vaccine be approached to help it step up manufacturer.