By: mukesh chand 21 March 2019 12:56 PM GMT “Our reputation is at stake because of this case ………..“, Chairperson Justice S J Mukhopadhaya of the NCLAT during hearing of appeals against the approval of Arcelor Mittal’s resolution plan by NCLT Ahmedabad in Essar Steel case. The words speak for itself. It shows anguish and anxiety about the manner the case has moved through various stages and how defaulters with all means at their disposal to clear dues of the Banks have tried to take the system and the law for a ride. In spite of a very clear and strong judgment by the Supreme Court, the case has proceeded at snail speed so much so that NCLAT had to intervene and set a deadline for order on resolution plan accepted by CoC. The saga of Essar is well summarised by the following quotes from famous book of Jim Collins – How The Mighty Fall. "When those in power begin to imperil the enterprise by taking outsize risks and acting in a … [Read more...] about Where Are We Heading For In Implementation Of IBC ?
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NEW DELHI: Competitive tests such as JEE main, NEET-UG and UGC NET are set for a major overhaul from next year. The changes include having a unique set of questions for each candidate, with a software picking questions at random, and multiple dates for taking an exam. The overhaul is being driven by the new National Testing Agency (NTA), which will conduct its first exam in December 2018 — the University Grants Commission's National Eligibility Test. The agency will annually test around 1.5 crore candidates. NTA plans to rely heavily on technological tools like artificial intelligence, psychometric analysis and computer-based adaptive testing — where candidates are taken to the next level of questions once they are through with easier questions — to change the way exams are conducted in India. "The tests will be 100 per cent safe. The highest level of encryption will be used so that no one can hack into the system," said Vineet Joshi, director general of NTA. NTA … [Read more...] about Unique question paper for each JEE, NEET examinee?