The amendment in Section 31(4) of the Insolvency and Bankruptcy Code (IBC) will be made. This particular section mandates prior approval from the CCI for any resolution plan.
Adhikari also criticised the state government and called them "bankrupt", further stating that after the allowance was given, Mamata Banerjee would become the former Chief Minister.
Military aviation analyst and historian Tom Cooper has highlighted Pakistan's financial struggles, stating that the country has been bankrupt for decades and relies heavily on foreign sponsors to stay afloat.
Austria saw a sharp 8 per cent rise in corporate bankruptcies in Q1 2025, with 2,004 companies filing for insolvency and EUR 19 billion in financial liabilities, affecting around 25,000 jobs and raising concerns about the country's economic trajectory.
Former Karnataka Chief Minister and Bharatiya Janata Party (BJP) MP Basavaraj Bommai has criticised the Siddaramaiah-led Congress government over the milk price hike, claiming the increase is a tactic to cover up the financial troubles caused by their guarantees.
In an interview with Fox News telecast on Tuesday (local time), Musk said that US President Donald Trump inherited a USD 2 trillion trade deficit. He further warned that "America will go bankrupt" if it fails to bring the deficit under control.
CPI(M) condemns President's Rule in Manipur, blaming BJP for the state's turmoil. The party calls for negotiations with all political parties and communities to restore peace, and normalcy, and uphold the state's democratic rights.
Reacting to Congress MP Manish Tewari's remarks that Budget is "as useless a ritual as the President address", BJP MP Deepak Prakash accused the Congress leaders of being mentally bankrupt and called the budget the "symbol of the aspirations of 140 crore Indians."
Nearly 3 million food service establishments in China closed in 2024 due to rising costs, bankruptcies, and reduced consumer spending. High-profile closures included Michelin-starred restaurants and popular chains, impacting every segment of the industry.
BJP National Spokesperson CR Kesavan on Monday attacked AAP national convenor Arvind Kejriwal, accusing him of betraying Delhi's people, bankrupting the government, and enabling scams and scandals over the past decade.