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Sunday Feb 05, 2023

Jet Airways Case | Jalan Kalrock Consortium to own Jet Airways, NCLT approves transfer


Court rejects ED investigation plea in the case against Jet Airways

New DelhiNew Delhi: In the Jet Airways case, the National Company Law Tribunal (NCLT) has allowed the transfer of ownership of Jet Airways to the bidder Jalan-Kalrock Consortium. The Mumbai bench of the tribunal has given this order on Friday. This decision of the court has been made effective from November 16. According to a report, a six-month deadline has also been fixed for the ownership transfer. NCLT has also given 6 months time to Jalan Kalrock Consortium to pay the creditors.

Earlier, the counsel for the lenders had sought a stay on the order for two weeks, but the same was turned down by the tribunal. So far, the Jalan-Kalrock consortium has deposited bank guarantees worth ₹150 crore with the lenders. As per the resolution plan, the consortium will have to pay ₹185 crore in cash to the financial creditors within 180 days from the effective date.

The consortium had also proposed a total cash infusion of ₹1,375 crore, of which ₹475 crore was for payment to stakeholders. The remaining ₹900 crore was to be used for capital expenditure and working capital requirements. At ₹380 crore, the lenders took a huge cut on their approved claims of over ₹7,807.7 crore under the approved resolution plan.

JKC had appealed for a direction from the bench to hand over the ownership of the jet to him. However, the lenders to Jet Airways said that JKC had not fulfilled three of the five conditions mentioned in the resolution plan approved by the NCLT. It was at this point of disagreement between the lenders of Jet Airways and JKC that a standoff broke out. Because the National Company Law Appellate Tribunal (NCLAT) in its October 21 order had said that JKC has “satisfied all the necessary conditions to the satisfaction of the Monitoring Committee”.



Approval to convert human dead body into compost in New York, the sixth US state to do so. New York approves turning human dead body into compost the sixth US state to do so

In the year 2019, Washington became the first state in America to approve this process. After this, Colorado, Oregon, Vermont and California also adopted it.

Approval to convert human dead body into compost in New York, America's sixth state to do so

Permission to convert human dead body into compost in New York

Image credit source: Getty Images

New York incinerator America A new state has been formed. Climate change This method of disposal and environment friendly is seen as an alternative to burial or cremation. This method is being adopted in some states of America. In this a person can turn his body into soil after his death.

In the year 2019, Washington became the first state in America to approve this process. After this, Colorado, Oregon, Vermont and California also adopted it. New York is the sixth US state to allow human composting following Saturday’s seal from the state’s Democratic governor, Cathy Hochul.

How is the compost made of a human dead body?

A body is placed in a closed container along with selected items such as wood chips, alfalfa (a type of plant used for animal feed) and straw hay. After this, the body naturally converts this dead body into soil within a month, which can be used for planting flowers, vegetables or trees.

After the dead body turns into compost, the families are given the soil of the corpses, which they can use to plant trees and thus their close people can stay with them forever even after death.

A US firm, Recompose, has said the method of incineration could save a ton of carbon compared to cremation or traditional burial. Carbon dioxide emissions are a major contributor to climate change. Due to this, the heat of the earth remains in the earth itself, which is known as the green house effect. Proponents of human composting say it is not only a more environmental option, but also more practical in cities where land for cemeteries is limited.

 

 

science | US approves world’s first vaccine for dwindling bee population


honey bee

Photo Credit – Google

New York: It was created to prevent deaths from American fullbrood disease, a disease known to weaken beehives by attacking bee larvae. According to the biotech firm, the US Department of Agriculture (USDA) has approved a conditional license for the vaccine this week. Bees play an important role in many aspects of the ecosystem. The vaccine could serve as a breakthrough in protecting bees, Annette Kleiser, CEO of Dalan Animal Health, said in a statement.

responsible for one-third of crop production

It works by introducing an inactive version of the bacteria into the royal jelly that is fed to the queen, to which the larvae then acquire immunity. According to the USDA, the US has seen an annual decrease in honey bee hives since 2006. The USDA states that many, sometimes overlapping, factors threaten bee health, including the occurrence of parasites, pests and disease. With this disease, worker bees leave the hive and leave the queen behind. According to the United Nations Ministry of Food and Agriculture, creatures such as bees, birds and bats are responsible for nearly a third of the world’s crop production.

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to beekeepers because it is highly contagious

Tech companies use remote monitoring to help bees Agricultural pesticides kill more bees, study says American fullbrood disease is a challenge for beekeepers because it is highly contagious and has no cure. The only treatment method requires burning the hives, using this vaccine to infect bees, and treating surrounding hives with antibiotics. According to Dalan Animal Health, the new vaccine contains an inactivated version of the bacteria that causes American foulbrood disease, Paenibacillus larvae.

Will be available for purchase in the US this year

Thereby, the bacteria gets into the royal jelly feed given by worker bees to the queen bee, who then ingests it, according to the biotech firm, which specializes in insect health and immunology, feeds some of the vaccine into her ovaries and Keeps It says it provides immunity to bee larvae as they reduce death from disease. If we can prevent infection in our bodies, we can avoid costly treatments and focus our energy on other important elements of keeping our bees healthy. Dalan plans to distribute the vaccine to commercial beekeepers on a limited basis and said the product will likely be available for purchase in the US this year.



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