Canara Bank, Union Bank of India, and LIC Housing Finance plan to contest the NCLT's approval of Subhash Chandra's ₹6.25-crore repayment proposal, intensifying the legal conflict.
The lenders collectively hold 8.45% voting share in Chandra's insolvency proceedings
Aug 29, 2026
05:32 pm
What's the storyCanara Bank, Union Bank of India, and LIC Housing Finance are challenging an National Company Law Tribunal (NCLT) order approving Essel Group Chairman Subhash Chandra's ₹6.25 crore repayment plan.
The move has intensified the legal battle over settling claims related to his personal guarantees.
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Canara Bank, Union Bank of India, and LIC Housing Finance will challenge a repayment plan. The National Company Law Tribunal…
Lenders plan to contest NCLT's approval of Subhash Chandra's repayment plan, allowing only ₹6.5 crore against ₹22,006.57 crore…
MUMBAI: Canara Bank and Union Bank of India are challenging NCLT's approval of Zee group founder Subhash Chandra's repayment…
Canara Bank, Union Bank, and LIC Housing Finance to challenge NCLT's approval of Subhash Chandra's ₹6.25 crore repayment plan.
The country's largest private lender said under the order, it expects to recover only 3.2% of its total claim. | India News
HDFC Bank plans to appeal NCLT's order permitting Subhash Chandra's ₹6.5 crore repayment despite claims of ₹22,000 crore.
