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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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Rohit Ferro Tech Ltd: Buy
CMP: Rs.5.50
Rohit Ferro-Tech, which is into ferro alloy manufacturing (and Mining & Minerals sector) has been facing several problems like non-availability of  adequate quantities of raw materials, lower capacity utilisation and low absorption of overheads. 

Earlier this year it sold its Jajput unit to Balasore Alloys Ltd (formerly Ispat Alloys Limited), which is part of the Ispat Group, due to severe financial stress owing to its high debt exposure.  In other words, the company decided to dispose off the Jajpur unit so as to ease its financial burden and improve its cash flow requirement.

It also has units located at Bishnupur and Haldia in West Bengal. 

The current market capitalization stands at Rs.62.58 crore. The current book value of the shares of the company is Rs.19.74.

Buy the shares of the company with a six-month perspective for a target of Rs.7.30--9.50.

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