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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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Market Mantra
Southern Onlie Bio Tech hits the BUYER FREEZE before cooling down. One should accumulating from here. CMP; Rs.4.55.
Buy  J P Associates at Rs.86--86.20, T--Rs.91, SL--Rs.85. Following RBI Policy one shoud buy all the rate sensitives. Subbarao has cut the repo rate, the rate at which RBI lends to banks by 25 basis points to 7.75% as markets expected. A bonus 25 basis points cut in cash reserve ratio cut at 4% that will release Rs 18,000 crores into the system. A basis point is 0.01 percentage point. Gross Domestic Product growth for the fiscal has been reduced to 5.5%, from 5.8%. Inflation as measured by the Wholesale Price Index may fall to 6.8%, from earlier forecast 7.5%.
Buy Nifty futures at 6066 (spot), T---6090, SL--6040 (spot)......The marke is now buy on dips.

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