Hey @JioCare I had booked sim card on 10th of June by my porting my Bsnl SIM. Since then no one delivered SIM, agent not reachable. Worst decision to port my SIM. Order Reference no :NO00015FVJ4J. Kindly refund my money I will port to other company
@JioCare@JioCare kindly respond and resolve my issue . It was my mistake that I choose to port my sim to Jio @reliancejio Ridiculous company. Kindly cancel my port request and refund
So, a HNI contacted me this morning. He had bought 10 lakh shares of JP at near 10 rupees, thinking that Jaiprakash Associates has a lot of assets, including cement plants, etc and he is pretty shocked to learn that his shares are going to zero in the restructuring of Jaiprakash Associates
This is a common theme where many investors are unaware about the workings of the insolvency proceedings.
Under the IBC framework in India, equity shareholders are considered the "owners" of the business and are last in line to get paid. The priority for distributing funds from the winning resolution applicant is strictly regulated
Secured Creditors: Banks and financial institutions.
Operational & Unsecured Creditors: Employees, vendors, government dues, and unsecured lenders.
Equity Shareholders: You are last. If the company's debts exceed the value of its assets, the resolution amount won't even cover the lenders. Therefore, the liquidation value for your shares is determined to be โน0
There are 6 lac shareholders of JP in the same boat. Knowing what you are buying is very important, and exiting is even more .