Mumbai, Aug 18 (IANS) Filmmaker Karan Johar will be back with the next edition of popular celebrity chat show "Koffee With Karan". It will premiere on October 21.
He has already started working on it.
On Saturday, Karan took to Twitter to tease his fans and followers about the upcoming edition of the show.
"Time to wake up and smell the....Coming soon," Karan posted with an emoji of a coffee cup.
He also shared a photograph which showed him shooting for the sixth season.
The colour of the mug has changed to black from yellow this season. The upcoming edition also promises to bring to its viewers something more fun and entertaining, read a statement to IANS.
The show is aired in India on Star World.
His chat show is hugely popular as he gets his celebrity friends and fraternity members to open up about their lives in an up, close and personal way.
In the last season, the episode with Kangana Ranaut was much talked about as she branded Karan as a "flagbearer of nepotism", leading to a debate that continues to rage in the Hindi film industry.
Mumbai, Aug 18 (IANS) Corporate Affairs Secretary Injeti Srinivas on Saturday said maximisation of asset-value of insolvent companies and being fair to lesser creditors are vital for the success of the Insolvency and Bankruptcy Code (IBC).
"For the IBC to achieve a path-breaking success, the maximization of the asset-value of the insolvent company and attaining a balance with regards to the interests of all creditors is vital," said Srinivas speaking on the IBC at a CII conference here.
On achievements of the Code, he stated that the insolvency cost in many cases under the insolvency resolution process is 1 per cent as against the 9 per cent under the now dissolved Board for Industrial and Financial Reconstruction (BIFR).
Srinivas pointed out that the haircut, or the loan losses, given to the creditors needed to be seen from the perspective of the enterprise value and not from the claimed value, which includes interest, penal interest and compounding interest.
Insolvency and Bankruptcy Board of India (IBBI) Chairman M.S. Sahoo said challenges are related to the haircut offered to the creditors and the fiduciary duty of financial creditors with regards to other stakeholders of the bankrupt company.
"The financial creditors have the right to decide the haircut but at the same time they should delimit the haircut for other creditors. The committee of creditors being a statutory body is at the position of being a trustee," Sahoo stated.
The Code is not only a mechanism of recovery for the creditors but also an opportunity to revive the insolvent company, Sahoo added.
CII President Designate Uday Kotak lauded the pro-active approach of the government and regulators with respect to making appropriate and timely changes to the Code.
Kotak said one of the most noteworthy achievements of the Code is the caution and discipline the system has infused while borrowing money from the market.
CII National Committee on Legal Services Chairman Shardul Shroff highlighted the challenge related to Information Utility that is weak due to the tough regime of privacy in India. It is leaving a gaping hole in the success of the Code, he said.
E-admission on template basis for insolvency cases should be allowed and National Company Law Tribunal (NCLT) should act as a one-stop shop for the submissions under the Code, Shroff added.