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 "Highlights: Creditors recover Rs 3.55 trillion till Sep under insolvency law")
Creditors have recovered around Rs 3.55 trillion through resolution of 1,068 cases under the insolvency law till September this year, the government said on Monday. In a written reply to the Lok Sabha, Minister of State for Corporate Affairs Harsh Malhotra also said that a total of 1,963 CIRP cases are ongoing and out of them, 1,388 have exceeded the time limit of 270 days. The cloud over urban FMCG sales growth has cast a shadow over the outlook for listed companies, including sector bellwether Hindustan Unilever. While the company’s premium brands have been doing well, parts of its portfolio have felt the impact of the urban slowdown. But parent Unilever does not seem to be bothered by this and in fact intends to ‘double-down in India’ with CEO Hein Schumacher devoting a separate section in the company’s Investor Event 2024 to India. Speaking at Cooperative Conference, Prime Minister Narendra Modi said, "Effort is to strengthen cooperative sector, 200K additional multi-purpose societies being set up." Supreme Court is set to make a decision on the anti-pollution curbs that are in place in Delhi today. The air quality index (AQI) in Delhi improved to the ‘poor’ category early on Monday, offering slight relief to residents compared to the previous ‘severe’ AQI levels. The overall AQI remained at 318 on Sunday night, and improved in most of the areas of Delhi-NCR in early morning on Monday. A thin layer of smog engulfed the regions around Central Delhi. Deputy Inspector General of police (DIG), Moradabad Range, Muniraj G on Monday said that the death toll in the Sambhal violence has risen to four following the ruckus and stone pelting incident over an ASI survey of the Mughal-era mosque of the district. The district administration has imposed prohibitory orders and barred the entry of outsiders till November 30 after three men were killed and scores of others, including security and administration personnel, injured in a violence by protesters opposing a court-ordered survey of a Mughal-era mosque. Security was heightened at Sambhal's Shahi Jama Masjid where an incident of stone pelting took place when a survey team arrived to conduct a survey of the mosque on Sunday. Sambhal District Magistrate has issued a notification prohibiting any outsider, social organization or public representative from entering Sambhal without the orders of the authorities. After the landslide victory in the recently concluded by-elections, where the Bharatiya Janata Party (BJP) won five assembly constituencies in Assam, Chief Minister Himanta Biswa Sarma on Sunday outlined the party's strategy for the upcoming 2026 assembly elections in the state. Sarma emphasised that the BJP would focus on at least five key constituencies in Assam, particularly those with significant religious minority voters. "In the next assembly election, we are going to repeat in at least five constituencies. I have already defined my pathway where to go and which constituency to go. But all over Assam, we can't go. The situation is not correct right now. But I outlined North Karimganj, South Karimganj, Lahorighat, Rupahi and Samaguri will be our focus area," CM Sarma added.
First Published: Nov 25 2024 | 8:31 AM IST
