Member Info for Bestmate

Yes, AIs interpretation of today’s hearing.. whats your point

Favourable adjournment would be a good result today?

Strongly positioned for a procedural victory

It is highly unlikely that Karanja Terminal & Logistics Pvt. Ltd. (and its parent company, Mercantile Ports & Logistics - MPL) will secure a final, decisive "win" at today’s National Company Law Tribunal (NCLT) hearing. However, they are strongly positioned to score a procedural victory by blocking the immediate finalization of the competing resolution plan

This is according to AI on today’s hearing.. if this is the case, then it’s good that the court did not reject the new presentation

No Quick Dismissal: The tribunal did not flatly throw out the promoter's challenge on the spot. Instead, it took the extensive documentation regarding the ₹520 crore parallel bid into the formal record

While the broader insolvency proceedings (CIRP) initiated by Canara Bank technically remain active via prior Supreme Court dismissals, this specific hearing kept the structural and transparency battle alive. It forces the tribunal to rule on whether the lender consortium acted with mala fide intent when shifting the asset away from the original promoters

Https://nclt.gov.in/

Has anyone checked for an update on today’s hearing.. I’m trying through the portal now

Https://x.com/bsf_enterprise/status/2067926728660353378?s=46

My first buy here was September 2025 at 11.96p.. never say never

Https://x.com/bsf_enterprise/status/2064976491004211329?s=46

And so it begins…

Do you have a link for this Fiver Ray

You obviously don’t understand, or want to understand what the warrants imply here, it’s a longer term benefit for the lender. It’s not an indication of where the price is or should be. If it’s a success, they will cash in and make a bundle, and so will BSFA

We hit that that sp on last weeks white paper rns. It’s fair to say that they are extremely positive about the future, and are trying to rectify the debacle of the placing rns. The warrants amount and price is the sweetener for the lender, and should be in the rear window if the bag sells today. Very interesting day ahead, now that they have secured funding at a fair level

The timing of today’s RNS, on what could be the biggest day in the history of the company, is very interesting. I’m hoping these guys are not going down the lifestyle route, and show a true commercial road map to Investors. Indigo obviously believe, in today’s tight funding markets

Ironically, as CLNs go, it’s not too bad a deal at this stage.. at least they’ve secured the coupon at 85% and set warrants at 50% premium.. they obviously fancy this to do well and need the breathing space

Imagine if the company release a commercially positive RNS tomorrow morning with a major tie up. All will be forgive and forget, they played a blinder, and got their 500k. Stranger things have happened in the Jurassic Era

There is a scenario where the winning bidder could remain anonymous; it wouldn’t be the first time. That would cause a massive PR hysteria around who it could be. Couple that with a tier 1 tie up, and we can shake off last weeks cobwebs

Https://x.com/bsf_enterprise/status/2064736779744256036?s=46

They also charged the same in fees.. £30k for 1500000 shares at 2p