[Logicalspeak]

There is nothing to worry about axis bank issue pending in nclt.

1) it is only an interim order restraining the preferential money for any other use, and final order whether this restaint will remain or go will deppent on the hearing for admission of the nclt case, which will be decided on 28-07-2010, the next date of hearing.The case of 2020 ihasn nclt is not admitted yet.

2) The nclt , to my openion, can not decide the amount to be paid, but only can decide whether a restraintagainst using money for other purpose can be issued or not.

3) The main case is in debt recovery tribunal filed by axis bank during 2017. In that case, it appears there is an OTS for 22 Crores or so and out OF which about 14 OR SO PAID bY bcg.Only the remaining need to be paid.

4) As per my reading of the nclt interim order mentioned above, available in nclt site,it clearly appears that axis bank can not approach debt recovory tribunal for restraint, because bcg might be readily willing to pay the OTS balance of around 8 Crores which appears is the matter pending in debt recovory tribunal, which axis may not be able to deviate now in debt recovery tribunal.

5) It AppEArS , due to the above reasons and with an apparent motive to try and inflate the amount now to a figure much more than the OTS, axis is now trying with nclt for restraint for the whole money, apparently to circumvent their Earlier approved OTS itself which may not be agreeable in DRT.

6)There fore it is clearly appearing that around 8 crore is the money to be paid to axis,and the same is clearly informed by CEO in concall.

7) Therefore, according to my understanding there is nothing to be worried, as the nclt was approached by axis bank during the Pendancy of DRT CASE, where it APPEARS,nothing pending as bcg is ready with the balance of already approved ITS.

8) IT IS also clearly appearing, also from the CEO IN THE CONCALL, that AXIS BANK want to go back from THEIR OWN APPROVED OTS, on the ground that bcg delayed payment after OTS. For the delay either DRT can condone it or impose penal interest for the delay. At any rate bcg is ready for OTS BALANCE payment and it appears axis bank in not having any ground in DRT and approched nclt during the pendancy of DRT case, which it appears may not sustain. (I have not gone through the DRT CASE, therefore I may be wrong also. But from the words of CEO it appears the above may be the rough sketch).

9) Therefore, as CEO informed in the concall, nothing is there to worry about for the investors. All the best to all long term investors.

[Logicalspeak]

@Saul, thanks for your reply. I have just pointed out an aspect I have observed. I have no in-depth knowledge in the operations particularly in high tech digital ad programmatic business.
But normally, in any conventional businuss, the capital rotation cycle or the justation period is from raw material procurement to processing, producing finishing,packing,marketing and realising the capital invested along with profit or loss. This cycle is ,if say 4 months means company can repeat the cycle 3 times an year. Which means with X rupees , company can attain 3X rupees or slightly more of revenue.
But this is true only if demand for the copany’s produce is constant though out the year, as inthe case of some day to day use consumer goods. But how it is different in high tech digital ad tech space is not known. It will be definitely different given their skewed revenue from Q1 to Q4.
This point viz-a-viz plauwing back portion of each year net profit to the digital ad business and how it is reflected in company’s revenue and profit, or any other substantial hidden investment (due to obvious reasons during past many years) which may bear cumulative fruits in the future years etc. needs to be asked/clarified through questions to the management in the next opportunity or in the next concall.
Dear Admin kindly keep this as first indexed Question for the earliest opurtunity with management.

[Logicalspeak]

As per NCLT website,the cause list for Hyderabad bench 1 for 08-07-2020 shows two IA came for heaing (axis bank v bcg) in CP (IB) No.35/7/HDB/2020. THE IA are Nos 460/2020 and No. 181/2020. It appeared as the last item for 08-07-2020 shown as for orders.
Again in the cause list for 09-07-2020,again it showed IA No. 181/2020 in CP (IB) No.35/7/HDB/2020 for orders. It appeared as the first item inthe list for 09-07-2020 mentioning as for orders.
Therefore nclt might have pronounced its orders on 09-07-2020 being the first item shown as for orders. But the same could not be verified from the website.If pronounced orders on 09 -07-2020 , what is the final amount court ordered etc not known.
If any further information is known to any one can please post here.

[Logicalspeak]

@ Saul, and @ pranil, both of u seems not taken the revenue cycle in both of ur projection. I am not joining any issues with either of U.
For example,if Company infuse say Rs X,out of the net profit of a year in to the working capital ,take the cycle of buying and selling which is one month and 100 to 120 days for realisation.so every rupee spent on buying medi will come back to the company with profit of Y latest within 120 days. So the money infused every year can be rotated by 3 times considering the longest cycle of realisation by the company of 120 days. So the revenue increase should be more than three times including the respective incremental profit due to the infusion in a particular year. And for successive years if u add up respective infusion out of the respective years profit , U may have to multiply by a factor of 3 or more, to the cumulative infusion of those years, for working out the expected revenue increse finally as on today (2020).
The above is taken with a maximum capital rotation cycle of 120 days (maximum). The trade recievable days is almost static with minor variation.Therefore trade recievable aspect will not come in to the way of above calculation.
Ur opinion please @Saul and@ pranil.

[Logicalspeak]

Till some time back, there were no clarity regarding daum settlement,composition of foriegn subsidiaries,global auditing of all those foriegn subs, consolidation of those 12 subs in to one US subsdiary, loan clearance and eventual attaining status of doubt free company, release of pledged shares etc. and the business strategies and future ahead for the company Tec.
Now all we know from the managemrnt updates,that daum settlement agreement is in place and only signing is pending due to pendemic and difficulty in travelling. Manage many has given indication clearly that daum settlement already is behind us and that is the reason behind company management came with unseen number of presentations and updates clearing all the doubts I have mentioned above.
Now,to my mind, being an investor for the last more than seven years and posted in this thread as well as other threads of this blog earlier regarding the complex nature of international court cases entangled by the company during all these years (which is already begin us as clearly informed by company) and other non transpanancy exhibited by company (due to the same case and international court attachment order including all the subsidiaries,which is behind now),it is very clear now that there is nothing seriously against the company. Ofcaurse, company might have burned a substantial amount of cash in their unsuccessful ventures. But then in many proven companies of present days , most of them attained success after many failure. Therefore succuss in solving all the problems of more than a decade takes care of every thing.There fore all the best to all long term investors.

[Logicalspeak]

Iam the same person who had posted messages some time back as guest messages under the same username, but when registering was made mandatory, I have registered now only.

[Logicalspeak]

Thank U Admn for taking me in.

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