among things that are controversial, that people are pessimistic about, and that have been performing badly of late. But it isn’t easy to do things that entail discomfort. Citibank in 1968, they had a slogan that “scared money never wins.” Charlie Munger said, “It’s not supposed to be easy. Anyone who
11.36 AM Apr 14th
Source:Economic Times - MUMBAI: In a major setback for Geodesic Ltd, the Bombay High Court has ordered the BSE listed technology firm to deposit $162 million (close to Rs 972 crore) in Citibank Branch, London or Singapore by April 28, 2014. The Mumbai-based firm defaulted on its Foreign Currency
4.18 PM Apr 11th
After Citibank, there is ICICI, Axis, StanChart and Barclays in queue. After that (or maybe before that?!) there will be tax to be paid (especially TDS is a criminal offence). Then others and then shareholders So unlikely shareholders will get anything by way of liquidation given nearly nil
3.22 PM Apr 10th
Go to bombayhighcourt dot nic dot in - Click on casestatus partywise. Choose Original in Jurusdiction and Respondent. Type Geodesic and press enter. You will see two cases. Click on the one with Citibank and you can then lick on order / judgment. There you can view the April 07 order.
2.19 PM Apr 10th
Shareholders, beware of liquidation 15. In that view of the matter, the respondent–company shall before closing of business hours Zurich time on 28th April 2014 deposit a sum of US$ 162 million in a no-lien account with a Citibank branch in London or Hong Kong as nominated by the petitioner
2.14 PM Apr 10th
to the shareholders in the AGM of the Company held on 11th feb, 2013 and the Minutes of the same are submitted to the Stock Exchanges and available on the website of the Company. The Bondholders, through the trustees, Citibank N.A., have filed case against the Company in the Court of law for Redemption of FCCBs
11.10 PM Apr 8th
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