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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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June 4, 2025
Amid fraud allegations & $75M+ investor losses, British fund manager Jeremy Leach declared bankrupt
June 4, 2025
New details emerge as BCN3D Files for Voluntary Bankruptcy, Supernova Addresses Rumors
June 4, 2025
Dentons Link Legal Successfully Defends Vijay Biyani In Personal Insolvency Proceedings Before NCLT Mumbai – BW Legal World
June 4, 2025
Builder.ai Faked Business With Indian Firm VerSe to Inflate Sales, Sources Say – Bloomberg.com
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