Day: August 5, 2026

Nagpur woman loses Rs 6.93 lakh in online scam, files complaint against bank, wins back money with 9% interest and additional Rs 35000

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/nagpur-woman-loses-rs-6-93-lakh-in-online-scam-files-complaint-against-bank-wins-back-money-with-9-interest-and-additional-rs-35000/articleshow/132895216.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/legal/will/nagpur-woman-loses-rs-6-93-lakh-in-online-scam-files-complaint-against-bank-wins-back-money-with-9-interest-and-additional-rs-35000/articleshow/132895216.cms After losing nearly Rs 7 lakh in a FedEx parcel scam, a Nagpur-based woman didn’t just sit and mourn her loss,

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IBC -the excerpts tell the whole story–[1] Creditors have become more pragmatic in using IBC–[a] delays in the resolution process–[b] prolonged litigation –and [c] erosion of asset value have made stakeholders think twice before initiating insolvency proceedings [2] Section 29[A] is the wall that manipulative owners are not able to demolish -and [3] Possibility that the owner will lose control is the most powerful deterrent [4] The fear of the Code rather than the efficiency of its processes is increasingly what drives timely settlement and resolutions–Article BS

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