What is the state of NSEL scam? Any relief to investors?
Ya'll Nibbiars the Big defaulters has been showcased and recovered some money but the rest are still at large need a strict IBC and NCLT stringent rules and implementing to hunt them down. And they are financial terrorists Hunt and shoot them down. And also recover the all amount through any means.What is the state of NSEL scam? Any relief to investors?
NSEL case: Bombay HC grants relief to small investors, orders payout
Small investors, who were stuck in the Rs 5,600 crore payment default case in 2013 involving the NSEL, are now likely to get their dues. The court has ordered a payout to 6,445 depositors with outstanding dues between Rs 2 lakh and Rs 10 lakh.www.indiatoday.in
Jignesh Shah roams free. His sidekick attained God like status in a recent web series and did another hit on Adani riding the same wave.
The corrupt seldom get punished and know how to work through the loopholes. Very rarely an example is made out of one. The rest just disappear.
I went through the ordeal of seeing my users being fired day by day in 2020. Many of the users were not given any notice at all and were just asked to not come from next day!
Ya'll Nibbiars current plan different The total debt is around 63,300 crores. And sell the Main airline for 15,000 crores. The Air India express for 3,000 crores, The Air India Regional for 700 crores. And the Engeering division could easily fetch around 5,000 crores. The Ground service division will also fetch around 4,000 crores. The physically asset would be around 10,000 crores. The remaining 25,500 crores would be absorbed by the tax payer's. Getting the company rid at 60 percent value is still good when it's comes to the Brankcruptcy. But the NPA's would not be written off by the bank's but to be traneferred to the GOI. The tax payers will get the burden.
Nibba any big economic project in NCR?
This article links insolvency directly with unemployment!
Banking Central | Are 'haircuts' turning too costly for bankers?
While IBC cannot guarantee the quantum of recovery for banks but it can ensure that the platform is not misused by influential promoters to get back control of their companies through the backdoor.www.moneycontrol.com
View attachment 98324
No wonder, high excise duty and cesses will continue for a long long time. Primarily to throw helicopter money at the markets and bad loans bailout.
For a 90% haircut, try India’s bankruptcy salon
According to an analysis by REDD Intelligence, of the 4,300-plus stressed debtors that have been taken through the 2016 corporate insolvency law, 48% were liquidated, half of them under 314 days. Of the 13% that got sold to bidders, half exited bankruptcy in less than 425 days. These, as the...economictimes.indiatimes.com
Out of nowhere it expectedly brings Bangla and lectures India to focus on low end textiles (we don't have GSP status or the luxury of labour that costs peanuts 
) and to forget about high end manufacturing (conveniently ignoring diversification of Vietnam). It also wrongly assumes that single doses of covid vaccines do not work, not even partially.
Adani port is the main revenue generating company of the group. Unless Adani does Mallya and diverts revenues of Port into other group companies such as Greens, Cements etc the company has a bright future. But its balance sheet is filled with debt and shares are pledged. Its long term share price pattern isnt promising either. No movement for years and then sudden movement in a short time. Which point to operator activity. Coupled with dubious FII inflows it makes Adani an overall risky investment. Best is to wait for sometime till things get clear.
Ya'll Nibbiars I am more concerned about the bad debt's. The whole group is made on Hughes debt in order to grow. There are two options here either go the Shapoornji planning way of selling some assets to ease the debt burden or else make more profits to service them and grow. But the second option is risky. They need to raise more capital to offset this or else sell some assets which they have now. But need to make a decision be active not passive.
