India signs treaty to protect marine biodiversity on high seas

Significant Milestone: India Joins Global Pact For Marine Biodiversity

India has joined the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement, aimed at protecting marine life beyond national jurisdiction. The BBNJ Agreement bans destructive fishing and pollution, and prevents countries from claiming sovereign rights over marine resources on the high seas. India's participation in the BBNJ Agreement enhances its strategic presence beyond its Exclusive Economic Zone (EEZ) and strengthens marine conservation efforts. The BBNJ Agreement is a significant step towards global conservation of marine biodiversity, with India's participation adding momentum to the cause. Sep 26, 2024
NCLT issues notice to SpiceJet over another unpaid operational debt

Financial Turbulence: SpiceJet's New Debt Default Crisis

The National Company Law Tribunal (NCLT) has issued a notice to the SpiceJet. The notice was issued in response to a plea by Techjockey Infotech Pvt Ltd, an operational creditor of the airline, seeking the initiation of corporate insolvency resolution proceedings against the beleaguered airline. Sep 24, 2024