Subhash Chandra
| Photo Credit: Yazhini M V _12573
Zee Group founder Subhash Chandra in a statement has clarified that he has not borrowed any money from any lender and is only a personal guarantor. Total claim against him as a Personal Guarantor, in the personal insolvency proceedings is only ₹3,992 crore by the objectors (creditors who had rejected the plan) of the plan and not ₹22,000 crore [which is the total claim] out of which ₹21,696 crore was admitted by the Resolution Professional. “Out of which [₹3,992 crore], also a claim of ₹620 crore [has been] settled and further ₹1,063 crore offered to be paid by the borrower entities,” the statement said.The borrowing entities for whom Mr. Chandra has provided Personal Guarantees have till date repaid ₹43,000 crore, the statement said adding the borrowing entities have assured to settle any other amount that would be due. Published - August 27, 2026 10:24 pm IST
