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Fentanyl drug a headache for developed nations

 Fentanyl: A Powerful but Dangerous Drug Fentanyl is a powerful synthetic opioid drug that is often used to treat severe pain. It is a Schedule II controlled substance, which means that it has a high potential for abuse and dependence. Despite its effectiveness in treating pain, fentanyl can be extremely dangerous and even deadly if used improperly. Uses of Fentanyl Fentanyl is primarily used to manage severe pain, particularly in patients who are undergoing surgery or who are experiencing chronic pain due to cancer or other serious medical conditions. It can also be used as a part of anesthesia for surgical procedures. Fentanyl is available in several different forms, including transdermal patches, lozenges, and injectable solutions. Demerits of Fentanyl The main danger of fentanyl is its potential for abuse and overdose. Fentanyl is a highly potent drug, up to 100 times more potent than morphine. It can cause a rapid onset of sedation, respiratory depression, and even coma or dea...
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Insolvency and Bankruptcy Code (IBC) What, How & Why amendment

Insolvency and Bankruptcy Code (IBC) | What, How & Why amendment


The Insolvency and Bankruptcy Code (IBC) which improved the credit ethos in the country and ensure corporate rescue further dynamic is all set towards another makeover. Top bureaucrats of Finance Ministry and Corporate Affairs Ministry and regulator IBBI are working out collectively the next set of amendments to the IBC.



What is insolvency?

When an individual or companies are unable to repay their outstanding debt.

 

What is Bankruptcy?

When a court has declared a person or other entity insolvent, having passed appropriate orders to resolve and protect the rights of creditors. It's a lawful declaration of one's inability to return debts.



IBC came to force in May 2016 as the former legal organization under the Board for Industrial and Financial Reconstruction (BIFR) was much mistreated by shareholders of defunct companies to keep lenders from taking recovery action. It showed that defaulters will not only loose control of the companies, but also be prevented from winning them back unless the dues are paid. 

 

The IBC's process has been marked by strong litigation involving promoters, lenders and investors some remarkable success and in several cases, liquidation of firms.



Why IBC needs an amendment ?

 

A large number of legal cases couldn't be rescued. In many suitcases, delays demonstrated to be excessive as stakeholders fought long-lasting court battles. About three-fourths of the 1,682 ongoing cases were undecided for more than 270 days.

 

The upcoming amendment would certainly resolve the issues and come up with more process improvement to govern the credit culture. 


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