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SumanSpeaks Capital Markets & Geopolitical Intelligence  ·  Estd 2006   Insolvency Law · Corporate Accountability When the Law Works Exactly as Designed — And Still Feels Wrong ₹22,006 crore in personal guarantees. Settled for ₹6.5 crore. Approved 80.81% to a minority that included two public sector banks — with the tribunal's own bench divided before a tie-breaking member stepped in. Subhash Chandra (Goenka), founder of the Essel Group and promoter emeritus of Zee, has settled a personal guarantee liability of ₹22,006 crore for ₹6.5 crore. The National Company Law Tribunal approved the plan this week. The case began small. In 2022, Indiabulls Housing Finance — now Sammaan Capital — moved against Chandra over a personal guarantee on a ₹170 crore loan to Vivek Infracon. By the time the insolvency plea was admitted in 2024, admitted c...
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Infosys Technologies---Hold with a stop loss

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Infosys Technologies to issue bonus shares in 1:1 ratio: 15th July, 2006. Infosys Technologies at its board meeting held on July 15, 2006 has transacted the allotment 27,68,43,176 equity shares of Rs 5 each aggregating Rs 138,42,15,880 issued by capitalization of general reserves and distributed as fully paid-up bonus shares in the ratio of 1 equity shares for every 1 equity share held to those shareholders whose name appear on the register of members / register of beneficiaries as on July 14, 2006. The share price on the last Friday, plummeted to Rs.1650 after the said bonus issue. The volume was also very low at 262385. Hold the shares with a long term perspective keeping a strct stop of around Rs.1300. Best wishes, Suman Mukherjee India. http://finance.groups.yahoo.com/group/SumanSpeaks/ www.bcozindia.com

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