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‘Biggest’ farm loan waiver, but also ‘shrinking’ of beneficiary list: Why Oppn is questioning Fadnavis govt | Mumbai News

Maharashtra’s loan waiver for farmers announced on Tuesday is the biggest so far for the state, amounting to Rs 36,585 crore. However, the Opposition has claimed that the figure hides the fine print – that stringent qualification conditions mean a lot of farmers will fall out of its umbrella. The Punyashlok Ahilyadevi Holkar farm loan…

₹74.49 Lakh Security Deposit Adjusted Under Master Lease Agreement After Insolvency: NCLAT Terms Transaction Fraudulent but Rejects S.66 Application [Read Order]

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) upheld findings that the adjustment of a ₹74.49 lakh security deposit under a Master Lease Agreement (MLA) was a fraudulent transaction; the Tribunal declined to order recovery under Section 66 of the Insolvency and Bankruptcy Code (IBC). The appeals arose from an order dated 04 June 2024 of the NCLT Mumbai Bench, which had rejected the Resolution Professional’s…