[Rathi_b]

Nice then let’s make the questionnaire and find people who can help the cause.

[Rathi_b]

2 quarters. I’ve mentally fixed it. I’ll evaluate my holding after that.

[Rathi_b]

So when there is a resolution at NCLT, the petition at DRT will automatically be withdrawn.

[Rathi_b]

Things are now looking positive for a settlement so let’s hope now that there can be a resolution.

[Rathi_b]

The properties ( collaterals) of the promoters were put on auction last year under DRT. The company got an hold on that over there. That is when the lawyer of Axis approached the NCLT so that they can muzzle out a settlement.

[Rathi_b]

Settlement is not possible in DRT where as strike off is possible at NCLT. The consequences of DRT are much drastic than NCLT.

[Rathi_b]

Thank you admin, hopes of axis resolution increases with this.

[Rathi_b]

They have time till 9 October to settle it, else arguments will start and then it is going to be a protracted problem. Let’s see if anything positive comes before that. 15 days left for either to end this with a settlement or a court kacheri with lot more tareek pe tareek. Fingers crossed.

[Rathi_b]

What can be said, please read the pdf.

Attachments:

1. Doc046577_008-1.pdf

[Rathi_b]

Axis issue will be updated tomorrow by night. Let’s see how it goes but nothing official has been put forward.

[Rathi_b]

I’m sorry for my previous message. I still can’t find the order, please share a link.
Thanks.

[Rathi_b]

Found it thanks.

[Rathi_b]

Valuebuyer001 I can’t find it on the NCLT website, can you please share a link.
Thank you.

[Rathi_b]

If positive statement expect an update at the exchange tomorrow else will be available tomorrow evening at the NCLT website.

[Rathi_b]

The previous interim order mentioned the words “finally extended”.

Attachments:

1. Doc079229_002.pdf

[Rathi_b]

They have given it as final extension for 22 by NCLT. Might expect some reprieve that day fingers crossed.

[Rathi_b]

22 nclt

[Rathi_b]

They did that last month, but a review or summary or important minutes of the meeting if they give info about that to investors it’ll be much appreciated, as we all here can educate ourselves better about the prospects of the company better.

[Rathi_b]

Few more days @lycos.rags.to.riches and the festival will start for us. My hard earned money will give me worthy reward. Those mudslinging fools have their days numbered now.

[Rathi_b]

Incase you don’t know Mr buffet SkR had done an 855 crore asset impairment from his Latin and north american subsidaries last quarter.

[Author]

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