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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?
All the GDR's of Rasoya Proteins Ltd have been converted into Equity shares and in turn there are no outstanding GDR's and hence there are virtually no GDR's being traded on the Luxembourg Stock Exchange, hence the Company has decided to voluntary delist its GDR's from Luxembourg Stock Exchange.

Shares of RASOYA PROTEINS LTD was last trading in BSE at Re.0.26 as compared to the previous close of Rs.0.27. However, the investors are suggested NOT to take FRESH positions, till some CLARITY over the issue emerges. 

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