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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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SKM Egg Products Exports (I) Ltd: The Promoters continue to FOOL the Gullible Investors!!
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There was an announcement in a Blog regarding purchase of shares by the Promoters of SKM Egg Products Exports (I) Ltd (BSE Code: 532143) from the open market. But do you know the number of shares purchased? Yes, it is indeed HILARIOUS and shows how the Unscrupulous Operators can go to any length in connivance with the Dirty Promoters of companies, to jack up the price of shares. 

After this news of promoters' purchase of shares were spread, SKM Egg Products Exports (I) Ltd hit the Upper Circuits at Rs.102.20, in the NSE (It was suspended in BSE long back). This announcement in the said blog came after my adverse write up about this company, in this blog yesterday. 

 The gullible investors do not even think for a moment as why they are going for such a scrip whose book value is only Rs.17.11 and has EPS of only Rs.5.01. Now you would probably see a series of good (manipulated) results quarter after quarter like what another scrip V2Retail Ltd (Rs.46.10) has been doing. Do you know the accumulated loss of V2Retail Ltd? Just do a little bit of internet search!! This scrip was also recommended by the gentleman in his blog. 

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