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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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PM Narendra Modi steps up focus on infrastructure, investment to boost economic growth
New Delhi:, July 27, 2014: With his party dragging the focus from development to aggressive Hindutva, Prime Minister Narendra Modi, who made it clear that the country needs “toilets not temples,” is all set to step on the gas.

On Saturday, he not only launched a portal to directly interact with people to get ideas on governance and development, he met top babus of the infrastructure ministries with an aim to give the desired boost to the ongoing projects.

During his meeting with the secretaries of nine infrastructure ministries, Mr Modi deliberated on setting targets for 2014-15 and identifying key projects in sectors like road, power and railways.

According to sources, Planning Commission secretary Sindhushree Khullar made a 15-page presentation on the performance of core infrastructure ministries in 2013-14 and deliberated on the targets suggested by the ministries for the current fiscal.

Courtesy: Deccan Chronicle

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