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Bankrupt people may be barred from contesting elections – Times of India

NEW DELHI: While it has taken the Ethics Committee of Parliament to recommend disqualification of absconding liquor baron Vijay Mallya, a new law may soon automatically disqualify a bankrupt person from becoming even a lawmaker.

The Joint Committee of Insolvency and Bankruptcy Bill headed by BJP MP Bhupender Yadav has recommended several disqualifications including from being elected to any public office through elections or in any local authority. If the recommendations are accepted by the government and incorporated in the revised Bill expected to be tabled during the current session of Parliament, the ban could extend to people contesting elections for municipal bodies, state assembly and Parliament.

Although Article 102 (c) of the C…

Read the full article at: http://timesofindia.indiatimes.com/india/Bankrupt-people-may-be-barred-from-contesting-elections/articleshow/52069096.cms

Category: BankruptcyBy Insolvency GuardianMay 2, 2016

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Bankrupt people may be barred from contesting elections – Times of India

NEW DELHI: While it has taken the Ethics Committee of Parliament to recommend disqualification of absconding liquor baron Vijay Mallya, a new law may soon automatically disqualify a bankrupt person from becoming even a lawmaker.

The Joint Committee of Insolvency and Bankruptcy Bill headed by BJP MP Bhupender Yadav has recommended several disqualifications including from being elected to any public office through elections or in any local authority. If the recommendations are accepted by the government and incorporated in the revised Bill expected to be tabled during the current session of Parliament, the ban could extend to people contesting elections for municipal bodies, state assembly and Parliament.

Although Article 102 (c) of the C…

Read the full article at: http://timesofindia.indiatimes.com/india/Bankrupts-may-be-barred-from-contesting-elections/articleshow/52069096.cms

Category: BankruptcyBy Insolvency GuardianMay 1, 2016

Post navigation

PreviousPrevious post:RITANZ hosts Restructuring and Insolvency Conference – Scoop.co.nzNextNext post:Former Socceroo Lucas Neill declared bankrupt in the UK – Sydney Morning Herald

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Full list: Companies entering liquidation or administration across Australia on November 11 – The Courier Mail
November 12, 2026
REVEALED: Liquidator appointments for businesses in the Melton council area for November 10 – Herald Sun
November 12, 2026
AnimaWings suspends all flights through 2026 after court approves insolvency proceedings
November 12, 2026
Who Is Bahram N Vakil? Meet The Man Replacing Noel Tata As Tata Investment Corporation Chairman
November 12, 2026
Who is Bahram Vakil? Tata Investment Corporation appoints new chairman as Noel Tata retires from position – Livemint
November 12, 2026
REVEALED: Liquidator appointments for businesses in the Rockingham council area for November 11 – The Daily Telegraph
November 12, 2026
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