Tathagata Neogy @neologic007

70% of Indians don't want Narendra Modi as the next PM.

Ground report earlier from the army rescue centre in Nuwakot in Nepal- helicpoters keep whirring, relatives of those missing wait for hours hoping to catch their glimpse among those rescued. Where I spoke to a father who does not want to let go of the hope of finding his only son. Ground Report Link- youtu.be/5i1iHWlxJ3w?si… (please subscribe to the channel)

ABHIJEET HITS THE QUESTION NOBODY WANTS TO TOUCH 🚨 Subhash Chandra reportedly had a ₹22,000 crore debt settled for just ₹6 crore. Can an ordinary person get this deal? If you have a ₹50 lakh home loan, will the bank close it for ₹50,000? If you have a ₹10 lakh car loan, will it settle for ₹10,000? That door never opens for common people. Common people pay every EMI with interest. Home loan, car loan, education loan, everything. But when powerful businessmen get VIP settlements, the loss does not vanish. It comes back to taxpayers. 😡

La casa en Nepal que lo resistió TODO y se mantuvo firme para salvar a toda una familia, llegó un momento en el que todos los espectadores pensaron que no resistiría, pero no fue así, hoy esa familia tiene una historia que contar y esa casa quedará como referencia de que los milagros existen. #Nepal

This Subhash Chandra insolvency case does not look like a normal commercial haircut to me. The deeper you read the NCLT record, the more uncomfortable the questions become. Let’s understand the Maths. The easiest defence being circulated in the Subhash Chandra insolvency case is that he was “only a guarantor.” That description is legally misleading. Under Section 128 of the Indian Contract Act, the liability of a surety is ordinarily coextensive with that of the principal debtor unless the contract provides otherwise. In simple words, a personal guarantee is not a ceremonial signature. If the borrower defaults, the creditor can proceed against the guarantor for the guaranteed liability. That is precisely why claims of around ₹22,006 crore were admitted against Subhash Chandra in his personal insolvency proceeding. And there is another important point. He was not a man worth ₹31 crore when these guarantees were being given. The NCLT record itself refers to net worth certificates showing approximately ₹45,888 crore in 2017 and ₹40,562 crore in 2018. So the story is not that a person worth ₹31 crore somehow guaranteed ₹22,000 crore. The real story is that a promoter who had represented personal wealth of more than ₹40,000 crore gave massive guarantees, and years later, when those guarantees became enforceable, his disclosed net worth had fallen to around ₹31.79 crore. That immediately creates the first serious question. Where did the wealth go? If assets worth tens of thousands of crores disappeared from the personal balance sheet, then before granting an almost complete discharge of personal liability, the natural thing should have been to trace those assets properly. Which assets were sold, to whom, for what price, where did the consideration go, whether any assets moved to relatives, group entities, LLPs, trusts or connected companies, whether those transactions were at market value and what ultimately happened to the money. This was not merely an outside suspicion. The Technical Member herself considered the fall in net worth serious enough to call for an independent forensic audit and asset tracing exercise. Then comes the part which, to me, makes the case even more extraordinary. Five disputed creditors, World Crest, Lemonade, Corpcall, Veena Investments and Direct Media, together controlled around 61.78 percent of the total voting power. Their links with the Chandra and Essel ecosystem through family relationships, directorships, shareholding and corporate connections were argued before the NCLT. The Technical Member found these connections serious enough to question their voting rights. The Third Member took a narrower statutory view and said the legal test to disqualify them as associates had not been fully satisfied. But the mathematics does not disappear. Around 77.48 percent of the total voting share supported the plan. Remove these five disputed creditors and the support falls to around 15.70 percent, while around 18.42 percent had voted against it. So these five were not minor creditors sitting on the side. Their votes were decisive. Now understand why this matters economically. Suppose a promoter has ₹10,000 crore of personal liability. A company within the same economic ecosystem holds a ₹6,000 crore claim and an outside bank holds a ₹4,000 crore claim. The connected company accepts almost nothing on its ₹6,000 crore claim and uses its voting strength to approve the plan. On paper it looks like that company suffered a massive loss. But if both sides are really part of the same economic pocket, then the internal claim is only being sacrificed on paper, while the same vote helps reduce or extinguish the outside bank’s ability to recover ₹4,000 crore personally from the promoter. That is why the real question is not who took the biggest haircut on paper. The real question is whose money was actually lost. If these five creditors were genuinely independent and commercially separate, then their decision is one thing. But if their economic interests were aligned with Chandra or the Essel ecosystem, then their huge nominal claims could have supplied exactly the voting power needed to cut down the personal recovery rights of outside banks. That possibility is exactly why beneficial ownership and real economic control should have been forensically examined before approving such a massive discharge. And there is one more fact which makes it impossible to casually say that the entire process was flawless. Claims of more than ₹185 crore on behalf of 1,260 people were admitted without proper supporting documents and later had to be excluded by the Third Member. So no, the real issue is not simply that ₹22,006 crore became ₹6.25 crore. The deeper issue is this. A person once represented as worth more than ₹40,000 crore came into personal insolvency with a disclosed net worth of around ₹31.79 crore. Five disputed creditors with documented links to the wider Chandra and Essel ecosystem held 61.78 percent of the voting power. Their votes were mathematically decisive. No complete independent forensic asset tracing was done before the plan was approved. That is why “he was only a guarantor” is not an answer. The two questions that must be answered are very simple. Where did the wealth go? And who really controlled the 61.78 percent voting block? Until these two questions are answered through a proper forensic investigation, this will not look like an ordinary commercial haircut. It will remain a serious test of whether our insolvency system can actually deal with powerful promoters, connected entities and enormous financial claims without allowing form to defeat substance. @FinMinIndia @RBI @IBBIIndia @narendramodi @RahulGandhi @khurpenchh @NaukarshahiGems #SubhashChandra #NCLT #NCLAT #IBC #Banking #ForensicAudit #CorporateGovernance #FinancialSystem #Accountability #BankingFraud

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Expired food items are being used to feed children in Govt Schools. Would those sitting in power feed the same food to their own children? And if exposing this means FIRs against us, then please do. We won’t stop exposing the truth. #SchoolThikKaro

Non-veg can't be banned because Navami is incomplete without Mutton. Anybody who has a problem with Bengali culture should not visit Durga Puja pandals. Bengalis don't go to other states and dictate what to do during Navratri.

Loan Write Off 2004-2014 = ₹ 2.20 Lac Cr 2014-2026 = ₹ 16.35 Lac Cr 800% Increase. न खाऊंगा , न खाने दूंगा 🔥🔥🔥

𝐁𝐄𝐍𝐆𝐀𝐋 𝐄𝐋𝐄𝐂𝐓𝐈𝐎𝐍𝐒 𝐌𝐘𝐒𝐓𝐄𝐑𝐘 🔥 𝐒𝐂 𝐀𝐒𝐊𝐄𝐃 𝐈𝐅 𝐅𝐑𝐄𝐒𝐇 𝐏𝐎𝐋𝐋𝐒 𝐂𝐀𝐍 𝐁𝐄 𝐎𝐑𝐃𝐄𝐑𝐄𝐃 𝐈𝐍 𝐁𝐄𝐍𝐆𝐀𝐋. 🔴 𝟑𝟖 𝐥𝐚𝐤𝐡 𝐀𝐩𝐩𝐞𝐚𝐥𝐬. 𝟗𝟏% 𝐨𝐟 𝐃𝐞𝐜𝐢𝐝𝐞𝐝 𝐍𝐚𝐦𝐞𝐬 𝐏𝐮𝐭 𝐁𝐀𝐂𝐊 𝐨𝐧 𝐭𝐡𝐞 𝐑𝐨𝐥𝐥. That is the Real Story. The Supreme Court did 𝐍𝐎𝐓 order a New Election. A bench led by CJI Surya Kant asked the Harder Question after TMC pointed to 31 Assembly Seats where Deletions were larger than the Winning Margin: "𝐂𝐚𝐧 𝐭𝐡𝐞 𝐂𝐨𝐮𝐫𝐭 𝐃𝐢𝐫𝐞𝐜𝐭 𝐅𝐫𝐞𝐬𝐡 𝐄𝐥𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬?" 𝐓𝐡𝐞 𝐍𝐮𝐦𝐛𝐞𝐫𝐬 𝐟𝐫𝐨𝐦 𝐑𝐓𝐈 𝐚𝐧𝐝 𝐓𝐫𝐢𝐛𝐮𝐧𝐚𝐥 𝐃𝐚𝐭𝐚: - 𝟑𝟖.𝟏𝟎 𝐥𝐚𝐤𝐡 appeals filed after the Special Intensive Revision (SIR) - Only about 𝟖𝟑,𝟎𝟎𝟎 decided so far (~2%) - Of Those Decided: 𝟕𝟓,𝟒𝟒𝟑 𝐧𝐚𝐦𝐞𝐬 𝐫𝐞𝐬𝐭𝐨𝐫𝐞𝐝 — 𝟗𝟏% Put Back on the Roll - Petitioners told the Court only ~𝟕 𝐥𝐚𝐤𝐡 appeals were by Deleted Voters Seeking Inclusion - ~𝟑𝟏 𝐥𝐚𝐤𝐡 were filed by the EC or objectors seeking 𝐦𝐨𝐫𝐞 𝐞𝐱𝐜𝐥𝐮𝐬𝐢𝐨𝐧𝐬 One Example Cited in Court: A Seat Lost by 𝟒𝟎𝟏 𝐯𝐨𝐭𝐞𝐬 after 𝟖,𝟕𝟖𝟓 𝐝𝐞𝐥𝐞𝐭𝐢𝐨𝐧𝐬. Another: Margin of about 𝟏𝟓,𝟎𝟎𝟎, Deletions about 𝟐𝟕,𝟎𝟎𝟎. Justice Joymalya Bagchi put the Principle on Record: Exclusion From the Roll 𝐓𝐚𝐤𝐞𝐬 𝐀𝐰𝐚𝐲 𝐓𝐡𝐞 𝐕𝐨𝐭𝐞. Prioritise the Disenfranchised. That is Why the #SupremeCourt is on the Commission. Not because a “Fresh Election Order” already exists — Because the Scale of Deletions, the Pile of Appeals, and the 91% Restoration Rate have made the Bengal Roll a 𝐋𝐢𝐯𝐞 𝐂𝐨𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐅𝐢𝐠𝐡𝐭. #WestBengal #RakshaBandhan #रक्षाबंधन

Tragedy for India post independence was Majoritarian shift to the political dominance of Uttar Pradesh, unachieved federalism while states that fought for freedom Bengal & punjab got sidelined frontline.thehindu.com/books/booksjav…

Why is the BJP threatening to genócide the youth of this country?

BJP Karnataka @BJP4Karnataka

3 days ago

No slowing down - taking on "Dimaagi Naxals" with full force!

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Good that someone has finally looked at the cost of this expensive scheme to artificially pad up India's forex reserves. The banks can't even deploy these funds profitably at this rate.

Perfect representation of who the BJP really belongs to. - Gangster & dreaded criminals.

BJP Chhattisgarh @BJP4CGState

3 days ago

Instead of being "Dimaagi Naxal" you can be someone who can participate in Nations progress.

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After Puja & Tollywood, Kolkata Book Fair committee also gets a switch as expected with new takeover. Publishers Guild has been restricted from organizing Fair mostly,Tridib Kumar Chatterjee, who had a very long legacy of organizing & flourishing the event, has also been sacked

I think the govt is underestimating middle class anger. People are fed up with paying income tax & getting nothing in return except for collapsing infrastructure & now, an economy also near collapse At the same time tax payers money is being used to bail out billionaires, to write off their debts & hand state assets over to them It’s easy to see why the beleaguered middle class is so angered by this kind of crony capitalism

Gurdeep Singh Sappal @gurdeepsappal

21 hours ago

अगर सुभाष चंद्रा के क़र्ज़ वाले मामले ने आपको झकझोर दिया है, तो कुछ और जानकारी आपको दिलचस्प लगेगी। नीचे ऐसे टॉप केस हैं जिनमें IBC क़ानून के तहत फ़ैसले हुए हैं। ये जानकारी सितंबर 2024 तक की है। @INCIndia @kharge @RahulGandhi

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2/2 Top IBC resolution plans by absolute haircut after Sept 2024 1.Jaiprakash Associates (JAL) Claims: ₹57,185 cr Haircut: ~₹41,842 cr (73.2%) 2.KSK Mahanadi Power Claims: ₹26,095 cr Haircut: ~₹10,010 cr (38.4%) 3.GVK Gautami Power Claims: ₹2,760 cr Haircut: ~₹2,553 cr (92.5%)

अगर सुभाष चंद्रा के क़र्ज़ वाले मामले ने आपको झकझोर दिया है, तो कुछ और जानकारी आपको दिलचस्प लगेगी। नीचे ऐसे टॉप केस हैं जिनमें IBC क़ानून के तहत फ़ैसले हुए हैं। ये जानकारी सितंबर 2024 तक की है। @INCIndia @kharge @RahulGandhi

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Actually a little saddened to see “the world’s largest political party” be drunk on so so so much hate that they don’t see any problem in calling for MASS MURDER of a generation that believes in questioning those in government and simply demanding a better system and a brighter future for themselves. It’s literally what Hitler did with jews in Nazi Germany. How did we allow ourselves to get here? How did we ever feel this was “normal” to post? These people do not believe in the Constitution. They truly do not believe in the concept of respect and tolerance for each other’s views and opinions. They truly do not believe that a democracy only lasts when answers are demanded from those elected. This is truly not the idea of India our Gandhis and Ambedkars believed in. It is sad. It is downright disgusting. I hope we are able to get out of this ugliness that has taken over our beautiful nation. We got our independence after much struggle. And so we should never allow such scums to be in positions of such great responsibility. Truly disgusted.

The Kolkata Durga Puja which has been declared an intangible world heritage by UNESCO has now come under the lens of the VHP. The VHP perhaps with the blessings of the ruling party has framed guidelines for this year. Non veg is a no no in the pandal. It can be served at a respectable distance away from the Puja site. Another Firman is that organisers should avoid “theme” pujas were clubs would compete with each other on how creative one could be with the idols. Who will tell these VHP uncles that for us Puja has transcended beyond rituals decades ago! The experience itself is now the religion!

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Sabiha Baloch of the Baloch Yakjehti Committee said the Pakistani state is "anti-people" and that the calls for 'azadi' have grown stronger since the killings in Sorab, reports @VeengasJ. thewire.in/south-asia/bal…