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BusinessPhoto: Mint Companies

SC Bars Creditors from Withdrawing Insolvency Plan Over Improved Finances

The Supreme Court ruled that under the Insolvency and Bankruptcy Code (IBC), neither the Committee of Creditors (CoC) nor the resolution applicant can withdraw an approved resolution simply because certain developments have made the transaction less attractive. This decision clarifies that improved financial conditions do not justify withdrawal of insolvency plans.

Mint Companies·

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PoliticsPhoto: Firstpost World

Flavio Bolsonaro's Whereabouts Unknown After Failing to Surrender Passports

Brazilian senator Flavio Bolsonaro's whereabouts remain unknown after he missed the deadline to surrender his passports to police. Reports suggest he may have traveled to the US, but details are unclear. Argentine authorities deny his entry despite claims he left Brazil via Argentina. Brazil's Federal Police have canceled his passports and are searching for him amid investigations into corruption and money laundering. Bolsonaro denies any wrongdoing.

Firstpost World·

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PoliticsPhoto: News18

India Not Pressured to Stop Buying Russian Oil: Petroleum Minister

Union Petroleum Minister Hardeep Singh Puri stated that India was never pressured to stop purchasing Russian oil. The only concern was buying from sanctioned entities. Speaking to CNN-News18, he highlighted India's efforts to control fuel prices despite global energy disruptions and noted India imports energy from 41 countries, maintaining low prices even after the Strait of Hormuz closure.

News18·

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PoliticsPhoto: Mint

Animal Activist Jagriti Mishra Faces Shelter Demolition Dispute

Jagriti Mishra, an animal rights activist, posted videos on Instagram confronting officials who demolished her under-construction animal shelter without prior notice. The dispute led to the suspension of a Municipal Corporation of Delhi (MCD) official and a ₹5 lakh aid announcement from the Chief Minister to support her cause.

Mint·

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BusinessPhoto: Mint Companies

Tata Motors' €3.43bn Iveco Bid Gets 87.8% Acceptance

Tata Motors' bid to acquire Italian truckmaker Iveco has surpassed the 80% acceptance threshold, with 87.81% of common shares tendered by the October 26 deadline. Valued at approximately €3.8 billion, this deal will significantly expand Tata Motors' global commercial vehicle business and marks the largest buyout since the JLR acquisition.

Mint Companies·

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PoliticsPhoto: HT World

Israel Records High Voter Turnout as Netanyahu Seeks Power

Israelis voted in record numbers in a crucial election that could decide Prime Minister Benjamin Netanyahu's future. By midday, 55.7% of eligible voters had cast ballots, with voting continuing for six more hours amid long queues. This election follows the October 2023 Hamas attacks and ongoing conflicts in Gaza, Lebanon, and Iran. Netanyahu, Israel's longest-serving PM, faces criticism and a strong challenge from former military chief Gadi Eisenkot.

HT World·

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