let me tell you where it starts from. it starts from greed. jindal monnet and bhushan were and are the worst companies which could have existed and did all wrong things to get deals in coal mines. do shareholders dont know that? they know it but they feel as long as the money is rolling in its ok. so karma comes a full circle and you pay for you greed.
Companies like Rcom, JP industries, unitech owe lendeer to 30k and above. i dont understand how banks lend to them. I had advised my friends to exit from these companies. they were 10 times their value. There are many other such dud scrips. they may turn to be just paper.
If money of investors is to be forfeited, basic purpose of NCLT is defeated, it means govt. does not want progress, development, employment. Closing is most easy job, is continuing, running is difficult. Govt. will have to shed its first right to recover taxes and other dues, first priority should be lenders, creditors and investors. We are still in British era thinking.
