Mumbai, Aug 18 (IANS) Priyanka Chopra and Nick Jonas, following months of speculation, on Saturday solemnised their relationship with a traditional Indian 'roka' ceremony. The actress says she is "taken" with her "heart and soul" by the American singer, who has introduced her to the world as the "future Mrs Jonas".
"Taken... With all my heart and soul," Priyanka posted on Instagram with an intimate photograph following their pre wedding Punjabi ritual at her residence here.
Nick posted the same photograph in which the couple looks much in love, and wrote: "Future Mrs Jonas. My heart. My love."
Priyanka, 36, and Nick, 25, looked every bit 'desi' in traditional Indian wear for the ceremony, which was attended by their close family members and friends. Nick's parents -- mother Denise and father Kevin Jonas Sr -- who flew down from the US with their son for the occasion on Thursday -- also dressed in Indian wear for the celebrations.
Designer duo Abu Jani Sandeep Khosla, whose sunshine yellow creation made Priyanka glow with joy, posted on Instagram: "Priyanka Chopra is heavenly in Abu Jani Sandeep Khosla Couture at her roka ceremony. Here's wishing the beautiful couple every joy."
She wore a chikankari sherwani. "The colour is as auspicious as the embroidery is intricate to celebrate this sacred and romantic occasion," the designers said in a statement.
Nick wore a pristine white kurta churidar as he performed the 'puja'.
It was a Ganpati Puja, said Kamal Kumar Mishra and Pradip Kumar Trivedi, the two priests who took care of the 'roka' proceedings.
Nick performed all the rituals here as per 'Sanatam Dharam', the priests added.
Photographs from the occasion made a splash on social media.
In one of the first image that did the rounds, Nick was seen cosying up to Priyanka, who is seen holding on to him, as they stand against a green background with a logo that read 'NP' -- merged together to denote the amalgamation of the first letter of both their names.
While there was a buzz that Nick proposed to Priyanka on her 36th birthday on July 18, news had followed that he got a Tiffany & Co. store in London shut down to purchase an engagement ring for his lady love.
Priyanka had been making efforts to hide the sparkler, but in the photograph that she has shared from the 'roka', the rock takes the limelight.
The ceremony was attended by Priyanka's cousin Parineeti Chopra, as well as celebrities like Arpita Khan Sharma, Mushtaq Sheikh and Srishti Behl Arya.
Well-known names from Bollywood and Hollywood also sent in good wishes in abundance for the couple. Gigi Hadid, Ranveer Singh, Hrithik Roshan, Katrina Kaif, Ileana D'Cruz, Preity Zinta and Laura Brown are some of those who wished them a happily ever after.
Priyanka is a former Miss World, who established her space in the Hindi film industry with a slew of impressive projects like "Fashion", "Mary Kom", "Barfi!", "Bajirao Mastani" and "7 Khoon Maaf". She forayed into the international showbiz world with a singing career, and eventually landed the lead role in American TV show "Quantico".
It gave her a launchpad that pushed her presence in the global entertainment universe. She made her Hollywood debut with "Baywatch", followed by "A Kid Like Jake". She will also be seen in "Isn't It Romantic?"
She is also an active philanthropist.
Nick is a popular singer and has also acted in "Jumanji: Welcome to the Jungle", as well as done TV shows like "Hannah Montana", "Camp Rock" and "Scream Queens".
The two have been creating a buzz since a joint appearance at the Met Gala red carpet in 2017, leaving everyone wondering whether they were dating.
At the Met Gala, Priyanka had just laughed off a romance with Jonas, insisting they simply shared an agent and were friends. She had also said they went to the Met Gala together as they were both wearing ensembles by Ralph Lauren.
In December last year, Jonas, while promoting "Jumanji: Welcome to the Jungle", had expressed a desire to visit India.
"I've never been (to India), but I'm dying to go and I have now heard from Priyanka, my new friend, a lot about it," Jonas had told IANS in a statement.
And who knew, when the friendship turned into love for the couple.
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.