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Sunday, September 17, 2023

IBC is not a recovery mechanism, says NCLAT

The Insolvency & Bankruptcy Code (IBC) is "not a recovery mechanism", observed the National Company Law Appellate Tribunal (NCLAT), while dismissing a plea against United Telecoms filed by one of its operational creditors.

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Apple reclaims world's most valuable company title as Nvidia slips amid AI investment concerns

Apple has reclaimed the position of the world's most valuable company, surpassing Nvidia amid rising concerns. Both companies have seen ...