PERSONAL INSOLVENCY RESOLUTION PROCESS
NCLT declares Videocon’s Venugopal Dhoot bankrupt in SBI’s Rs 12,668 cr claim
The NCLT has declared former Videocon chairman Venugopal Dhoot bankrupt in proceedings initiated by SBI over personal guarantees for loans extended to the group. The order follows the rejection of his Rs 600 crore repayment proposal, backed by a proposed Siliguri real estate project, against total admitted dues of Rs 12,668 crore.
NCLT declares Videocon promoter Venugopal Dhoot bankrupt on SBI plea; appoints bankruptcy trustee
The National Company Law Tribunal (NCLT), Mumbai Bench, has declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt on a petition filed by the State Bank of India (SBI), after the failure of his personal insolvency resolution process and repayment plan.
Mehli Mistry challenges ouster from Tata Trust
Mehli Mistry has filed objections against his removal as a trustee of Bai Hirabai Jamsetji Charitable Institution. He claims that the decision was invalid and the voting process was flawed. Mistry argues that the trust deed does not specify a fixed tenure for trustees or eligibility based on citizenship.
UPSC CSE Mains Result 2026 out at upsc.gov.in: 2,526 candidates qualify for interview; check how to download PDF
UPSC has declared the Civil Services Mains Result 2026 on November 5. A total of 2,526 candidates have qualified for the Personality Test. Candidates can download the result PDF from upsc.gov.in and check their roll numbers. The commission will conduct the interview in the next stage of the selection process.
UPSC Mains Result 2026: Who has qualified for interview round? Check list of 2,526 candidates who cleared written exam and download the PDF here
UPSC CSE Mains Result 2026: UPSC has declared the Civil Services Mains Result 2026, with 2,526 candidates qualifying for the Personality Test. Candidates can check their roll numbers in the result PDF and download it from the official website. The interview schedule and further instructions will be announced separately.
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Mehli Mistry challenges removal as Tata Trusts trustee, seeks independent inquiry into governance
Mehli Mistry has filed a challenge against his removal as a trustee of the Sir Dorabji Tata Trust. He has raised concerns about procedural irregularities and trustee eligibility in his case. Mistry also seeks an independent inquiry into financial matters related to the trust's administration. He has claimed conflicts of interest and improper financial benefits received by some trustees.
Maharashtra gives one-time age relaxation for recruitment exams, extends concession till end-2027
The Maharashtra government has announced a one-time relaxation in age limits for state recruitment exams until December 31, 2027. This decision follows protests from candidates regarding delays in recruitment procedures that made them ineligible. Candidates can now apply with this extended age limit for certain advertisements issued by the MPSC. Recruitment agencies are also included in this relaxation, offering opportunities for newly eligible candidates.
India, Israel vote against Pak-backed UN arms control resolution: Sources dismiss voting coordination
India has voiced its opposition to a Pakistan-led UN resolution on regional arms control, asserting that arms control transcends regional boundaries. With approximately 180 nations endorsing it, both India and Israel stood alone in dissent. India reiterated its long-standing position on arms control as a matter of principle, while a few other countries, including the U.S., shared hesitations about the resolution.
OCI passport update: India removes $25 late fee for applications submitted by December 31
In a significant move to aid Overseas Citizens of India (OCI) cardholders, the Government of India has implemented a temporary two-month waiver of late fees for those updating their passport details.
Why anti-Trump Republican Thomas Massie wants Pete Hegseth impeached; what the defense secretary can do to avoid the situation
Rep. Thomas Massie plans to push for the impeachment of Defense Secretary Pete Hegseth when Congress reconvenes. Massie outlined allegations against Hegseth, including abuse of power and unauthorized military actions. He suggests that Hegseth's resignation would halt the impeachment process entirely. The Pentagon has expressed support for Hegseth, affirming his leadership and commitment. A House vote would occur if Massie proceeds with the impeachment articles.
Billionaire Leon Black sues US Rep. Robert Garcia for defamation over Epstein comments
Leon Black, a billionaire, has filed a defamation lawsuit against Congressman Robert Garcia for his statements. Garcia claimed that Black is linked to Jeffrey Epstein's crimes and named him in serious allegations. The lawsuit, filed in New York, seeks 7.25 million USD in damages due to harm caused by Garcia's comments. Black has previously denied knowledge of Epstein's activities and has faced significant public backlash.
Stocks in news: BSE, Lenskart, Nykaa, Bharti Airtel, LIC, Aurobindo Pharma and Nalco
Indian equity markets have enjoyed a remarkable stretch, registering gains for five consecutive sessions. The Nifty 50 index showed impressive growth, sparking optimism for a breakout beyond 24,000. Companies like Lenskart, Aurobindo Pharma, and BSE are in the spotlight as they report positive earnings. Experts advise keeping an eye on the support levels as the bullish trend persists.
Sebi eases KYC norms for NRIs, OCIs and foreign nationals, allows digital onboarding from overseas
Securities and Exchange Board of India has relaxed Know Your Client requirements for overseas investors. This change enables non-resident Indians, Overseas Citizens of India, and foreign nationals to onboard digitally. Individuals from FATF-compliant countries can now submit KYC details remotely without being in India. Intermediaries are allowed to rely on existing KYC records and conduct video verifications when necessary.
Sebi cancels registrations of 8 investment advisers for non-payment of renewal fees
Sebi has announced relaxed KYC requirements for Non-Resident Indians, Overseas Citizens of India, and foreign nationals. These changes will allow them to complete digital onboarding from FATF-compliant countries effectively. Intermediaries can accept KYC submissions without requiring physical presence in India. Video In-Person Verification is now permitted where in-person verification isn't feasible, enhancing compliance capabilities. The revised framework, effective from December 3, is aimed at simplifying the entire onboarding process.
Digital recruitment is creating a new cybersecurity risk for employers
Online hiring has made it easier for companies to reach candidates across locations, but it has also exposed recruitment processes to identity fraud, manipulated assessments and misuse of personal information. HR teams are increasingly responsible for protecting the integrity and security of the hiring process.
VB-G RAM G grievance redressal rules set 15-day deadline
The rules establish a multi-tier grievance redressal mechanism at the gram panchayat, block and district levels. Designated grievance redressal officers will be responsible for receiving, registering, inquiring into and disposing of complaints. Inquiries must be completed within seven working days.
Telcos to face up to Rs 20 lakh fine per quarter per circle for complaint redressal lapses
Telecom Regulatory Authority of India has introduced new rules for telecom operators and internet providers to enhance complaint redressal. These providers will face penalties up to Rs 20 lakh if they fail to resolve consumer complaints quickly. The rules require complaint centres to operate 24 hours with human representatives available for assistance. Consumers will now have a shorter time frame of 15 days to appeal complaint resolutions.
Zee draws line between CBI probe against Subhash Chandra and its business
Zee Entertainment Enterprises has clarified that an Enforcement Case Information Report (ECIR) registered against founder Subhash Chandra in his personal capacity has no bearing on the company or its operations. The development follows an ongoing CBI investigation into an earlier FIR filed by LIC Housing Finance against the promoter entities.
TVS family succession dispute raises governance questions for listed companies, says InGovern
A succession dispute concerning the Venu Srinivasan family has emerged, affecting both TVS Holdings and TVS Motor Company. The disagreement primarily revolves around the distribution of family assets and management arrangements, raising governance concerns for minority shareholders. Venu Srinivasan claims appropriate separation of personal assets, while his family members dispute this assertion. Despite public disclosure of changes in management, the core family economic settlement remains unspecified.
NCLT voids Rs 525-cr guarantee, Mumbai land transfer in JLS Realty dispute
The NCLT has invalidated multiple transactions involving JLS Realty Pvt Ltd, including its transfer of redevelopment land. The tribunal found that the transfer to Spenta Suncity lacked commercial benefit and involved financial obligations. Management changes made in February 2021 were deemed invalid due to improper procedures and lack of justification. Additionally, share transfer claims by IIFL were ruled as unproven and unsubstantiated during the tribunal's examination.
IBBI tightens real estate insolvency rules to prioritise home delivery
India's insolvency regulator has implemented new rules to prioritize project completion and better homebuyer oversight. Independent assessments of construction progress and funding needs are now mandatory for real estate projects. Creditors with at least 66% voting share can recommend excluding projects from insolvency proceedings. Homebuyers will now have representation on monitoring committees to oversee implementation. These measures aim to improve transparency and protect the interests of homebuyers during insolvency.
NCLAT sets aside insolvency proceedings against Polycab over Rs 2.78 crore dues
NCLAT overturned the insolvency proceedings against Polycab India Limited, which originated from a claim by Asier Metals. The tribunal found unresolved disputes regarding payments and alleged operational dues amounting to Rs 2.78 crore. NCLAT noted that effective communication existed between the two parties detailing ongoing disagreements over credit notes and charges. Additionally, Polycab disputed the creditor's demand, indicating significant unresolved financial matters.
NCLT, NCLAT 'hijacked' by corporate affairs ministry: Supreme Court
The Supreme Court expressed discontent with the Ministry of Corporate Affairs regarding appointments in the National Company Law Tribunals. The court emphasized the need for NCLT and NCLAT to gain full autonomy over their staff. It criticized arrangements outsourcing tribunal staff recruitment to private companies, which could jeopardize existing contractual employees. The court urged comprehensive proposals from NCLT and NCLAT presidents to improve operational requirements.
MSCI puts Polycab exit on hold amid insolvency case uncertainty
MSCI has decided to delay the removal of Polycab India from its indices amid insolvency uncertainty. The company was placed on the Insolvency Resolution Process board on October 7. However, the National Company Law Appellate Tribunal stayed the company’s admission to the insolvency process on October 9. MSCI continues to monitor the status of Polycab India and any related orders from the NCLAT.
In 2025 Poundland sold to Gordon Brothers at €1, now the UK discount retailer is staring at insolvency
Poundland may soon face insolvency, with the potential loss of approximately 600 UK stores and over 10,000 jobs. The crisis unfolds as major owner Gordon Brothers resists an emergency sale put forth by Martin Property Group. This clash could propel Poundland into insolvency proceedings imminently. However, a fresh takeover bid within the next 48 hours could still change the course of events.
Committee of Creditors cannot withdraw resolution plan nod: Supreme Court
A bench of Justices JB Pardiwala and K Vinod Chandran, while disposing of the appeal filed by Bank of India and other CoC members, including Canara Bank, India Infrastructure Finance, Union Bank of India, UCO Bank and Punjab National Bank, said the resolution plan remains binding between CoC and the successful resolution applicant (SRA), and the improved profitability of the corporate debtor alone cannot be a reason to refuse approval of the resolution plan if it meets the requirements under IBC.
Law firms make a strong case for hiring top litigation partners
Demand spans experience in commercial and corporate disputes, including regulatory matters, insolvency, white-collar crime, investigations, sector-specific arbitration and complex shareholder disputes. Hiring has picked up not just in large firms but also at midsize practices and boutiques.
Don’t bank on RBI alone: The investor protection gap in India’s banking system
RBI imposes strict regulations on banks to ensure transparency for depositors and investors. However, listed banks often fail to provide timely disclosure of crucial information to the market. The governance of Public Sector Banks (PSBs) also faces scrutiny due to government influence on board appointments and salary structures. Lack of transparency in bank resolution processes raises questions about RBI's dual role as regulator and resolver.
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