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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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DO YOU KNOW?
32% of Chinese zinc smelters surveyed by SMM are optimistic toward zinc prices and expect prices to rise to 14,000-15,000 yuan per tonne in the near future. 

Meanwhile, Vedanta Resources Plc said it would maintain its low-cost production of the metal, as well as continue with its plans for a $630 million zinc development in South Africa. 

 Earlier Glencore Plc, the world’s largest commodities trading company— announced, in October that it plans to cut zinc output by a third rather than sell it cheaply;  suggesting that more producers may curb supply. 

JPMorgan Chase & Co. said October 16, 2015: "More capacity shut-downs are probably needed to tighten the market".

However, according to ICBC Standard Bank Plc: "Refined zinc production will exceed demand this year and in 2016". 

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