Rs 5L gaming debt leads to Rs 10-lakh extortion plot

New Delhi: A 26-year-old former employee and his associate have been arrested for allegedly trying to extort ₹10 lakh from a Rohini resident by threatening to kill him and his family. A 15-year-old juvenile has also been apprehended. Police said the complainant received three threatening calls on August 29, with the caller allegedly claiming to…

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India’s insolvency framework must adapt to AI: here are some potential grey areas to think about

Artificial intelligence (AI), Generative AI, Agentic AI and other AI tools are gradually being adopted by insolvency professionals to enhance productivity. The benefits of AI for claims processing, document summarizing, identification of financial anomalies and evaluation of resolution plans are self-evident, provided that the output of AI tools is put to critical human scrutiny. Read…

Putting plans into action

Under section 901A of the 2006 Act, a company in financial difficulties may propose a restructuring plan to some or all of its creditors designed to eliminate or reduce its difficulties. Each class of affected creditors votes on the plan, and if 75% in value of the votes cast for each class are in favour…