One of the essential business supporting element is a mechanism to settle failed or bankrupt entities without causing damage to any players in the economy. Continuation of financially non-viable businesses leads to locking of funds and physical assets. Similarly, it may lead to stress for the lender who have provided loan to the distressed business entity. For this, a bankruptcy code in the form of set of laws for the resolution of failed entities/individuals is needed.
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On the 8th of February 2017, for the first time ever, a sitting high court judge was hauled up before the Supreme Court to answer for a contempt charge. A seven-judge bench of the Supreme Court issued contempt notice to Justice C.S. Karnan of the Calcutta High Court.
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Joy is an expression of happiness, satisfaction, content, thankfulness and freedom and gratitude is the quality of being ready to appreciate and being thankful for the same. Ideally, joy should be the simplest form of gratitude but practically we do not express joy as gratitude very easily.
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