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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

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June 2, 2025
IBBI Streamlines Corporate Insolvency Process: Rediff Moneynews
June 2, 2025
Deadline to pay: Deeming moves to bankrupt Pesutto – The Australian
June 2, 2025
Air Belgium has gone bankrupt, and thousands of passengers are unlikely to get refunds
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Konaseema Gas Power plant to be auctioned on 20 June
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Why are construction companies ‘toppling like dominoes’?
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