sino cites chm as a problem for mmx, page-10

The holding company crossland remains the same so the combined MIS/MMX would still be facing the same cases and face the same risks about loss of assets.

In all likelyhood if CHM had a win in major case they would be seeking the transfer of crossland shares.

As I said before this is good deal for a MMX shareholder regarding these cases as you would halve your exposure to any downside from a loss as you have passed half the risk to MIS shareholders.

Evens who knows what CHM are gearing up with behind the scenes about merger proposal. They may try to block or as MMX would become 100% owned subsiduary of MIS their view maybe is let its run its course and just ensure that MMX does not shift ownership of crosslands directly to MIS.

That would not be a hard injunction to win IMO as MIS/MMX would find it hard to argue to court that the shift in shareholding is anything other than scheme to evade creditors/potential creditors.