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Journalist Kalpesh Yagnik fell off building: MP Police

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Kalpesh Yagnik

Indore, July 14: Madhya Pradesh Police on Saturday said veteran journalist Kalpesh Yagnik did not die of a heart attack as reported earlier but lost his life after he fell from the terrace of a building here.

The 55-year-old Dainik Bhaskar Group Editor passed away early on Friday.

Director General of Police Narayan Chari Mishra told IANS: “Yagnik died after falling from the terrace of a three storeyed building. Police has launched an investigation into the incident.”

On Friday, it was reported that Yagnik was working at the newspaper’s Indore office when he suffered a cardiac arrest at 10.30 p.m. on Thursday.

He was rushed to the Bombay Hospital here, where he had started recovering after three hours of treatment. But he suffered another major attack and died around 2 a.m., sources had said.

Yagnik was associated with the Bhaskar Group since 1998. He was both an excellent writer and editor who wrote on social issues.

IANS

Business

Centre suspends fresh IBC proceedings till Dec

In June, the Union Cabinet approved the suspension, which came into effect from March 25 and was brought in through the ordinance route.

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Nirmala Sitharaman

New Delhi, Sep 24 : In a major relief for stressed companies amid the pandemic woes, the Centre on Thursday announced the suspension of fresh insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) by three more months till December.

In a gazette notification, the Ministry of Corporate Affairs (MCA) said that the suspension on operation of Section 7, 9 and 10 of the IBC has been extended.

“In exercise of the powers conferred by section 10A of the Insolvency and Bankruptcy Code, 2016, the Central Government has extended the suspension of sections 7,9, 10 of the IBC for a further period of three months,” the Minister of Finance and Corporate Affairs, Nirmala Sitharaman said in a tweet.A

She said that the decision reinforces the government’s commitment to protecting businesses.

“It also gives companies breathing time to recover from financial stress,” she said.

In June, the Union Cabinet approved the suspension, which came into effect from March 25 and was brought in through the ordinance route.

Section 7 of the IBC allows initiation of corporate insolvency resolution process by financial creditor, while Section 9 allows operational creditors to file application for initiation of insolvency process by operational creditor.

Further, a corporate debtor who has committed a default, can file for initiation of a corporate insolvency resolution process under Section 10 of IBC.

Although the decision to extend the suspension has brought much-needed relief for business stressed in the midst of the pandemic, sector experts, however, have raised concerns regarding the financial stress it may create once the suspension is revoked.

Sumit Batra, Partner at India Law Alliance, said: “Another extension of three months beyond 25.09.2020 for initiation of bankruptcy against defaulting corporate entities will further aggravate the situation and lead to an unprecedented rise in fresh filing once the suspension is revoked.”

Noting that while the logic of suspension for not being able to initiate proceedings under Section 7 and 9 of IBC, seems justified to an extent that lockdown triggered due to widespread outbreak of Covid-19 affected the paying capacity of the corporate debtors, but “why such a suspension is being imposed for applications under section 10 seems illogical”.

The intent and extent of section 10 petition is to enable the corporate debtor to initiate insolvency against themselves in order to resolve the financial stress in a time-bound manner, Batra said, adding that, therefore, Section 10 petitions should have been excluded from being covered under this suspension.

In a recent debate in the Parliament, Finance Minister Nirmala Sitharaman had defended the decision to suspend Section 10 saying that in view of the economic situation, the companies filing for bankruptcy would not have achieved high valuations and bidding amounts would have been low, thereby not achieving the desired goal.

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Cities

RJD calls for Bihar ‘Bandh’ against farm Bills on Friday

Tejashwi himself uploaded a photograph on social media posing as a protester while driving a tractor on Thursday evening.

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Tejashwi Yadav

Patna, Sep 24 : Raising strong objections against the farm Bills, the opposition Rashtriya Janata Dal (RJD) has called for a Bihar ‘Bandh’ on Friday.

Party leader Tejashwi Yadav has asked supporters to hit the roads in each of the 38 districts headquarters of Bihar and register strong protests against the Bills.

“The farmers of Bihar are already distraught. The agri Bills will make them completely helpless. These Bills will allow industrialists to take over the agriculture sector,” he said.

Taking a dig at Prime Minister Narendra Modi and Bihar Chief Minister Nitish Kumar, he also said that if RJD supremo Lalu Yadav would shake hands with the BJP, he would be seen as “Raja Harishchandra” and the fodder scam or “Chara Ghotala” would be converted into “Bhaichaara” or brotherhood.

In Patna, supporters have been asked to assemble at the party office on Veerchand Patel Path followed by march towards Income Tax roundabout, Dak Banglow Chowk and return to the party office.

Party insiders believe it is a show of strength by the RJD.

Tejashwi himself uploaded a photograph on social media posing as a protester while driving a tractor on Thursday evening.

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India

Mira Nair, Chomsky Among Over 200 Signatories Demanding Umar Khalid’s Release

Umar Khalid has been arrested under the stringent Unlawful Activities (Prevention) Act in a case related to the communal violence in northeast Delhi in February this year.

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Umar Khalid

New Delhi: More than 200 educationists, filmmakers and authors, including Noam Chomsky and Mira Nair, issued a joint statement on Wednesday demanding the Centre free Umar Khalid arrested in connection with the northeast Delhi riots.

Besides Chomsky and Nair, the signatories include actor Ratna Pathak Shah, authors Amitav Ghosh, Salman Rushdie and Arundhati Roy, and journalist P Sainath.

“We call on the Government of India to free Umar Khalid and all those falsely implicated and unjustly incarcerated for protesting against the CAA-NRC that denies equal citizenship rights and to ensure that the Delhi Police investigates the Delhi riots with impartiality under the oath they took as public servants bound by the Constitution of India,” the statement read.

Khalid has been arrested under the stringent Unlawful Activities (Prevention) Act in a case related to the communal violence in northeast Delhi in February this year.

“We stand in solidarity and outrage, with the brave young scholar and activist Umar Khalid, arrested in New Delhi on September 14, 2020, under fabricated charges of engineering the Delhi riots in February 2020,” the statement said.

The statement said that Khalid “used the passion of his commitment to his country, marshalled his education and his voice to join the movement for equal citizenship, against the Citizenship Amendment Act (CAA)” which introduced religion as a criterion for citizenship, and has no place in a secular nation.

The Delhi Police had on September 13 said it is investigating the role of all individuals who took part in the February riots and were behind the larger conspiracy of organising violence and inciting communal passion amongst communities.

Delhi Police Commissioner S N Shrivastava had last week said the force has collected documentary evidence, including scientific evidence, to support its case in connection with the riots.

He said that the police have so far arrested 1,571 people irrespective of their caste or religion and they are almost equally distributed among both communities.

Responding to former IPS officer Julio Ribeiro’s letter in which he had questioned the Delhi police’s investigation, Srivastava had said that there are several entities who have their reasons to weave a “web of deception” and push a “false narrative of bias and insensitivity” on the part of the police.

He said that police investigations in criminal cases are guided by facts and evidence, not by reputations and personalities.

“Delhi Police are serving the oath and the Constitution with conviction, integrity and sensitivity, without fear of any self-proclaimed “true patriots” or favour towards any class, creed or community,” Srivastava had said in an email reply to Ribeiro.

Communal clashes had broken out in northeast Delhi on February 24 after violence between those supporting the citizenship law and those opposing it spiralled out of control, leaving at least 53 people dead and around 200 injured.

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