Subhash Chandra Rs 22000 Cr Case Nclt Fails To Get Majority View On Insolvency Plan With 99 7 Percent Haircut
Economic Times
Subhash Chandra's insolvency case: A tribunal bench referred the case for fresh adjudication. Lenders opposed a proposed repayment plan offering a deep haircut
. The appellate tribunal NCLAT will hear the lenders' plea against a third member's order. This dispute arises from differing interpretations of insolvency code provisions. The case involves admitted claims exceeding twenty-two thousand crore rupees.
Zee founder Subhash Chandra's insolvency case (AI-generated image)
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