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Economic Times (India) 11/17/2019 20:11
MUMBAI: State Bank of India (SBI) and the ministry of finance are exploring a legal framework where the proposed alternative investment fund (AIF) for reviving stalled real estate projects will have the first charge on assets and cash flow of entities receiving funding.This may call for introducing changes in the Insolvency and Bankruptcy Code (IBC) to incorporate the concept of seniority of lenders which the code in its present form does not adequately recognise, two senior industry sources familiar with the development told ET.
Zero Hedge 11/17/2019 20:00
Here's The Real Reason Why Hong Kong Authorities Are Desperate To Regain Control Of University. The last few days have seen scenes of utter carnage appearing on social media round the world as Hong Kong authorities (with the 'generous support' of the PLA) have fought with students at various universities. However, the Chinese University of Hong Kong (CUHK) was apparently the main focus of the police , and became a literal battleground. Poly U entrance in flames as riot police try to storm in. — James Pomfret (@jamespomfret). Why? As out, the answer may be simpler (and more ominous) than many suspect.

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