Articles for Its Security

Secured Creditor Is Liable To Pay Liquidator's Fees Under Rule 21A Of Liquidation Regulations If Option U/S 52 Of IBC Is Exercised: NCLAT
1 week, 4 days ago

Secured Creditor Is Liable To Pay Liquidator's Fees Under Rule 21A Of Liquidation Regulations If Option U/S 52 Of IBC Is Exercised: NCLAT

Live Law  

The NCLAT New Delhi bench of Justice Ashok Bhushan, Barun Mitra and Arun Baroka has held that the fee of the liquidator has to be paid within 90 days from the liquidation commencement date as provided under Regulation 21A of the Liquidation Regulations if the secured creditor opts to realise its security interest under section 52 of the code. Observations: …

Regulation Regulations Pay Case Respondent Fee Asset
Nothing Confirms Data Breach But Assures Customers Don’t Have To Worry: Here’s What It Said
7 months, 4 weeks ago

Nothing Confirms Data Breach But Assures Customers Don’t Have To Worry: Here’s What It Said

News 18  

Nothing is making big headways in the market but all this popularity is making it a prime target for bad actors. Nothing has been quoted talking about a data breach that was discovered in December 2022 and it took immediate action to fix the loophole and strengthen its security. Upon this discovery nearly a year and half ago, Nothing took …

Its Security
Quandary Of Dissenting Financial Creditors Having Security Interest: Perhaps Supreme Court's Larger Bench To Guide Dissenting Financial Creditors
10 months, 2 weeks ago

Quandary Of Dissenting Financial Creditors Having Security Interest: Perhaps Supreme Court's Larger Bench To Guide Dissenting Financial Creditors

Live Law  

The recent judgment by a Two-Judge Bench of the Supreme Court, delivered by Justice Sanjeev Khanna and Justice S.V.N. Therefore, while the DBS Bank judgment cites relevant decisions such as Committee of Creditors of Essar Steel India Limited, Swiss Ribbons, and Vallal RCK, which emphasize the importance of respecting the commercial wisdom of the CoC, it also noted that, while …

Financial Court Resolution Value Supreme Bench Code
Israel has no right to defend itself: Russia at UN
1 year, 1 month ago

Israel has no right to defend itself: Russia at UN

Firstpost  

At the same time, Russia said that Israel does have the right to ’ensure its security’ and ’to fight terrorism' Israel has no right to defend itself, Russia said at an emergency special session of the UN General Assembly. Russia’s UN representative Vasily Nebenzya said, “The only thing they can muster is continued pronouncements about Israel’s supposed right to self-defense, …

Security Russia Right Israel Its Security
Rethinking Palestine-Israel: Hegemonic security vs true justice
1 year, 2 months ago

Rethinking Palestine-Israel: Hegemonic security vs true justice

Al Jazeera  

Israeli security has come at the expense of Palestinian rights for decades. This primary contradiction has evolved over the years into a zero-sum conflict, as Israel has pursued maximum “security” at the expense of justice for the Palestinians. Likewise, after the 1967 war and the subsequent occupation, Israel confiscated Palestinian lands to settle hundreds of thousands of Jewish settlers, whose …

Security Justice Military War Land Palestine Jewish
NCLT Hyderabad: Asset Becomes Part Of Liquidation Asset If The Secured Creditor Fails To Comply With Regulation 21A
1 year, 3 months ago

NCLT Hyderabad: Asset Becomes Part Of Liquidation Asset If The Secured Creditor Fails To Comply With Regulation 21A

Live Law  

The National Company Law Tribunal, Hyderabad Bench comprising of Dr. Venkata Ramakrishna Badarinath Nandula and Sh. The Tribunal held that when the secured creditor fails to comply with Regulation 21A of the Insolvency and Bankruptcy Board of India Regulations, 2016, the asset that is subjected to security interest shall become part of the liquidation asset. Where a secured creditor proceeds …

Security Regulation Applicant Interest Process Tribunal Nclt
Dissenting Financial Creditor Entitled To Liquidation Value Commensurate Only With Security Interest: NCLT Delhi
1 year, 5 months ago

Dissenting Financial Creditor Entitled To Liquidation Value Commensurate Only With Security Interest: NCLT Delhi

Live Law  

The National Company Law Tribunal, Principal Bench, comprising of Chief Justice Ramalingam Sudhakar and Shri Avinash K Srivastava, while adjudicating a petition filed in the matter ofM/s. Ltd.,has held that a co-joint reading of Sections 52, 53 and 30 of IBC reveals that a Dissenting Financial Creditor is at best entitled to the liquidation value commensurate with its security interest. …

Security Corporate Financial Resolution Corporate Debtor Interest Plan
Iraq and Iran sign deal to tighten border security
1 year, 9 months ago

Iraq and Iran sign deal to tighten border security

Al Jazeera  

Iraqi officials say the move is aimed at tightening the frontier with Iraq’s Kurdish region, where Tehran says armed Kurdish dissidents pose a threat to its security. Iraq and Iran have signed a border security agreement, a move Iraqi officials say is aimed primarily at tightening the frontier with Iraq’s Kurdish region, where Tehran says Kurdish armed groups pose a …

Security Iran Iraq Kurdish Israel Tehran Iranian
Why the Current Stall in US-Vietnam Relations Is Necessary for Vietnam’s Security
2 years ago

Why the Current Stall in US-Vietnam Relations Is Necessary for Vietnam’s Security

The Diplomat  

What was missing from Biden’s agenda last month as he visited Southeast Asia for the U.S.-ASEAN Summit in Cambodia and later the G-20 Leaders’ Summit in Indonesia was a visit to Vietnam, despite Hanoi pushing for one during U.S. Deputy Secretary of State Wendy Sherman’s visit to the country in June. In the three years after unification in 1975, Vietnam …

Security Vietnam China Alliance Chinese Beijing Relations
Australia urges South Pacific nations to shun Chinese attempts to extend its security deals
2 years, 6 months ago

Australia urges South Pacific nations to shun Chinese attempts to extend its security deals

Firstpost  

Foreign Minister Penny Wong was in Fiji on her first solo visit, seeking to woo island states after the Solomon Islands took Canberra by surprise last month by signing a wide-ranging security pact with China Suva, Fiji: Australia urged South Pacific nations to spurn China’s attempts to extend its security reach across the region Friday, seeking to fend off a …

Security China Region Pacific Minister Beijing Wang
Australia's Pacific Minister Zed Seselja urges Solomon Islands Prime Minister not to sign China security deal
2 years, 8 months ago

Australia's Pacific Minister Zed Seselja urges Solomon Islands Prime Minister not to sign China security deal

ABC  

Australia's Minister for the Pacific has used a visit to Solomon Islands in the middle of the federal election campaign to "respectfully" urge the country's Prime Minister not to sign a controversial security deal with China. Key points: Zed Seselja said Australia remained committed to supporting the Solomon Islands to meet its security needs A leaked draft of the deal …

Security China Australia Pacific Minister Chinese Deal
UK summons Iranian ambassador over oil tanker attack
3 years, 4 months ago

UK summons Iranian ambassador over oil tanker attack

Al Jazeera  

Diplomatic row over deadly attack on MV Mercer Street escalates as Iran warns it is ready to respond to any threat to its security. The diplomatic fallout from a deadly attack on an oil tanker off the coast of Oman escalated on Monday, with British Prime Minister Boris Johnson branding it “outrageous” as London summoned Iran’s ambassador over the incident. …

Security London British Attack Iran Washington Israel
Relevance Of Doctrine Of Priority In Liquidation Under Insolvency & Bankruptcy Code
3 years, 6 months ago

Relevance Of Doctrine Of Priority In Liquidation Under Insolvency & Bankruptcy Code

Live Law  

It is a well established principle that where conflicting, but equal interests have been created in favour of multiple persons, it should be determined based on the maxim qui prior est tempore potior est jure, i.e., he who is earlier in time is stronger in law. This Waterfall mechanism gives the apex priority to the IRP costs and the liquidation …

Security Waterfall Interest Committee Code Priority Proceeds