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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006 Judiciary & Infrastructure SEPC Ltd: The Question the Madras High Court Hasn't Asked Yet A ₹154.63 crore attachment. A 'D' rating. A ₹521.46 crore contract gone. Three events, viewed separately, tell one story. Viewed together, they raise a question the Madras High Court has yet to confront: is SEPC (₹6.21) losing business because of commercial weakness—or because the execution process itself is steadily stripping away the credibility needed to win new contracts? The record before the Court reveals an uncomfortable sequence of events. In February 2026, the Madras High Court attached ₹154.63 crore of SEPC's trade receivables to enforce a decade-old foreign arbitral award. Within weeks, CRISIL and Infomerics downgraded the company's bank facilities to the 'D' category, with CRISIL expressly citing overdrawals and de...
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Shettar to support Phase 2 of UIDAI
Press Trust Of India / Bangalore Aug 26, 2012
Good news for the shareholders of Tera Software Ltd
Karnataka Chief Minister Jagadish Shettar today assured the state’s support for the second phase of the Unique Identification Authority of India (UIDAI) project expected to commence from this October.
Shettar gave the assurance to UIDAI Chairman Nandan Nilekani when the latter called on on him here. Sources in the Chief Minister's Secretariat said Nilekani informed that the authority had so far issued 14.1 million cards in Karnataka and will take up the second phase in October to enroll the remaining 39.1 million population.Shettar said the government was ready to release the state's share of funding for the project.
Chief Secretary S V Ranganath, Principal Secretary to IT and BT Department I S N Prasad were also present at the meeting.

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