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PoliticsPhoto: Deccan Herald

Supreme Court Rules Profitability Not Ground to Stall Insolvency

The Supreme Court ruled that a company's profitability is not a legally relevant factor to decide insolvency proceedings under the Insolvency and Bankruptcy Code. The court stated that the key is to prove the occurrence of default, a historical event, based on documentary evidence. Disputes over debt amounts do not prevent admission if the default threshold is met, emphasizing a limited inquiry at the admission stage.

Deccan Herald··New Delhi

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PoliticsPhoto: Amar Ujala

India Criticizes Pakistan on Minority Treatment at UN

India sharply criticized Pakistan at the United Nations for its treatment of religious minorities. The Indian delegation condemned Pakistan's actions, highlighting concerns over human rights violations. This exchange led to a strong rebuttal from Pakistan, which was described as a significant embarrassment for its representatives at the UN.

Amar Ujala·

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PoliticsPhoto: NDTV

Iran Diplomat Confirms Mojtaba Khamenei's Good Health Despite Public Absence

Iran's supreme leader Mojtaba Khamenei, injured six months ago in US-Israeli airstrikes that killed his father Ayatollah Ali Khamenei, has not appeared publicly since. However, senior diplomat Abdul Majid Hakeem Elahi told NDTV that Mojtaba held a 7-hour meeting with Iran's president last week, confirming his good health and active work. His absence from his father's funeral had raised health and assassination concerns.

NDTV·

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SciencePhoto: TOI World

Ohio Lowers Guilford Lake 20 Feet for $14M Dam Repairs

Ohio has lowered Guilford Lake by 20 feet as part of a $14 million dam rehabilitation project to fix structural issues and meet safety standards. The Ohio Department of Natural Resources reported the reservoir reached full drawdown to prepare for construction, which includes replacing the spillway and enhancing drainage and embankment stability. The lake refill is planned for 2027.

TOI World··Ohio

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PoliticsPhoto: Hindustan Times

Monsoon Session Not Prorogued, Winter Session of Parliament in Doubt

The Monsoon Session of Parliament, adjourned sine die on August 13, has not yet been prorogued, raising uncertainty about the upcoming Winter Session. The government says there is no constitutional requirement to prorogue within a specific time, defending the delay amid opposition friction. Speculation exists about a special session to pass the 131st Constitution Amendment and Delimitation Bills for 33% women reservation in legislatures.

Hindustan Times·

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SciencePhoto: TOI World

15th-Century Ship Discovered Beneath Barcelona Car Park

Archaeologists uncovered the remains of the medieval ship Ciutadella I during renovations of a former fish market in Barcelona. Dating from the 15th and 16th centuries, the vessel includes about 30 ribs and seven planks. Conservation efforts are underway to preserve this significant maritime archaeological find for further study and understanding of the region's heritage.

TOI World··Barcelona

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