Simple the stay of execution lapses and the KK can send in auctioneers to sell the assets of KPC. There is still time before the auctioneers can move in maybe 14 days from today. Its unlikely to happen I expect the lawyers for KPC have rushed to the court of appeal to modify the requirement to deposit the cash and may be granted the option of putting a bank guarantee, which is really better even for KK coz i don't think even if you sell the assets of KPC you will be able to get that amount of cash through auction.

The judiciary is still controlled by the executive, and so KPC might move to court and get a ruling favourable to them, temporarily. This looks like it will drag on for another year or two

I don't think that will be the case, these acquisitions are already in the balance sheet as assets which raise the company value and hence the shareholder's value. I think it's just a matter of time before this is properly factored in and the upsurge begins. On this one I can gladly say that the raise is inevitable.

@stocksmaster, Actually what the court stopped on 28th Jan was the auctioning of KPC assets on condition they paid the 4.6b into a joint account within 14 days from 28th January. Since KPC cannot fulfill that condition then the orders lapse and KK is at liberty to proceed and seize and auction the assets.

That is the only way you auction the assets and seize the bank accounts.This is what KK lawyers meant by saying “We are instructed to notify your client, which we hereby do, of our client’s intention to effect execution promptly on expiration of the said period of 14 days, if the full amount will not have been deposited in accordance with the orders of the High Court.”

If we had chapter 11 this is the time you file for protection to reorganize. The only way KPC can get out is to get a senior lawyer to have the court of appeal hear them urgently.Obviously expect a fuel shortgage if KPC assets are auctioned. I don't think gova would allow this.

Methinks the best option is to enjoin KK inthe ownership of KPC and let KK manage KPC until they(KK) recover their 4.6B. If the order is to auction, both KK and KPC will lose out. KPC will lose more than KK and KK cannot bid in the auction.