RE: GSPC14 Nov 2018 07:29
Roz
its government owned, so they cant do a *ankers trick and start a new company under the same directors. GSPC should have been liquidated when it owed 2k cruore rupees ( ithink its this amount), which is india's law, but it wasnt. this was due to a lying and bent *anker. Thankfully, not all are the same. India's common law isnt the same as ours.
GSPC if they get a new business loan, can prevent the court order. Until then, unless the india government bails them out, which i cant see them doing, then OEX carry on with what is agreed in the JV contract. We dont know the details of the contract, as they dont need to tell us.