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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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Southern Online Bio Tech (SBTL) has started the stabilization work in its second plant, which is expected to be completed by the end of March, 2013. Its first plant is already working. The company is setting up a 3rd bio-diesel plant, which is expected to be completed in 2014.
The Q3FY13 result of the SBTL is expected to be a little better that Q2FY12--the losses are expected to be reduced. The book value of the shares of the company is expected to increase in the coming days. At present the book value of the shares of the company is Rs.6.24. The company is expected to benefit from the rise in diesel prices or due to partial de-regulation of the diesel price. The market cap of the company is still very low at Rs.17.65 Cr. The Q3FY13, result of the company is expected to be declared on 13 th February, 2013.


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