Mumbai Hit by Inflation: Milk, CNG & PNG Prices Surge Amid Middle East Crisis

A five-member special bench of the National Company Law Tribunal has stayed its August 25 order in the personal insolvency case against Subhash Chandra. The previous three-member bench had partly approved a settlement of 6.5 crore rupees against claims exceeding 22,000 crore rupees, prompting objections from banks and public sector undertakings including LIC, Canara Bank, and Union Bank of India. The tribunal observed that the earlier verdict lacked an actionable majority opinion under Section 419(5) and acknowledged concerns regarding voting by related-party creditors. With the stay in place, Subhash Chandra cannot sell, alienate, or dispose of assets while the bench re-examines the matter after hearing all financial creditors.

At the Shanghai Cooperation Organisation summit, discussions focused on tackling cross-border narco-terrorism, dismantling terror networks, and strengthening regional security. It was emphasised that drug trafficking is not merely a crime but a severe threat to younger generations and regional stability. Member states were urged to establish effective instruments for practical coordination and timely action to counter security threats, organised crime, and illicit drug trade. Concerns were highlighted regarding illicit drug profits being funnelled through informal financial channels, shell companies, and cryptocurrency wallets to fund terror ecosystems. The discussions also addressed cross-border trafficking affecting border areas, alongside critical regional issues including counter-terrorism, connectivity respecting territorial integrity and sovereignty, energy security, and regional stability across Eurasia and Central Asia.

The scale of devastation in Nepal continues to unfold as the death toll mounts to nearly one thousand, with thousands reported missing. Rescue agencies are actively searching for survivors amid a major calamity and humanitarian crisis. In Dhungue Bazaar, the aftermath of the disaster has forced many residents to leave the pocket. The report highlights the situation on the ground through two children and a pet dog named Lily, who has spent five days roaming the area in search of missing local residents and caretakers who used to feed her.

An IndiGo flight operating from Goa to Delhi made a safe emergency landing at Mopa Airport in North Goa following an engine failure. Flight 6E 2102 took off for the national capital at 9:16 AM and was rerouted back to Goa after reporting a snag in one of its engines. Air Traffic Control declared a full emergency at 9:30 AM. The aircraft landed safely on Runway 28 at 9:51 AM and was parked at Stand 6, following which the emergency status was withdrawn at 10:03 AM. Standard operating procedures require the Directorate General of Civil Aviation to be notified for a full inspection of the aircraft, while an official statement from IndiGo remains awaited.