Delhi Court Accepts CBI Closure Report Against Satyendar Jain Over PWD Hiring Case; Says No Incriminating Evidence Found

Delhi Court Accepts CBI Closure Report Against Satyendar Jain Over PWD Hiring Case; Says No Incriminating Evidence Found

A Delhi Court has accepted the closure report filed by the Central Bureau of Investigation (CBI) in a case registered against AAP leader Satyendar Jain and others over allegations of irregular engagement of professionals in the PWD and payments made from unrelated project funds. Special judge Dig Vinay Singh of Rouse Avenue Courts observed that…

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Govt Eyes IBC Route for STC, PEC Closure, ETLegalWorld

Govt Eyes IBC Route for STC, PEC Closure, ETLegalWorld

NCLT (Illustrative) New Delhi: The government will have a relook at the closure of State Trading Corporation of India Limited (STC) and PEC Limited through the Bankruptcy Code, the first instance of pursuing closure of central public sector enterprises or CPSEs through this mechanism. Both these firms are categorised as a nonperforming asset or NPA…

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