Rs 22,006 crore claims, Rs 6.5 crore payout: NCLT clears Subhash Chandra plan

NCLT sets up special bench to review Subhash Chandra repayment plan

The case concerns Subhash Chandra’s liability as a personal guarantor for loans taken by several Essel and Zee-linked companies.

NCLT forms 5-member Special Bench to hear insolvency case against Subhash Chandra amid fresh twist

The tribunal clarified that since the opinion of the third member differed from the two members, no majority verdict emerged approving Chandra’s repayment plan.

When the cure becomes the disease

India’s Insolvency Code, the political economy of the haircut, and the quiet transfer of public wealth The post When the cure becomes the disease appeared first on The American Bazaar.

₹22,000-Crore Debt Row: Subhash Chandra Accuses Mukesh Ambani’s Media Network of Misreporting

Zee Group founder and Essel Group chairman Subhash Chandra has accused Reliance Industries chairman Mukesh Ambani and his media network of orchestrating a 'fake news campaign' against him concerning his personal insolvency petition in the National Company Law Tribunal (NCLT). In a video message on Zee News on Friday, Chandra refuted the story in relation to the famous Rs 22,000-crore debt that he

Essel Group's Subhash Chandra calls for independent audit of debt, claims Rs 43,000 crore repaid

Essel Group founder Subhash Chandra has called for an independent audit to examine the group's borrowings, defaults, and repayments, stating that approximately ₹43,000 crore of its ₹45,000 crore total debt has been repaid.

Subhash Chandra takes on Mukesh Ambani, accuses TV18 of ‘misinformation’

Zee founder disputes the Rs 22,000-crore framing of his insolvency case, alleges Reliance orchestrated a 2019 share-price crash, and warns Ambani to ‘restrain your people’. Reliance has denied the allegations.