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.

National Company Law Tribunal on Wednesday allowed Zee Group Founder and Chairman Subhash Chandra’s revision plan to pay just Rs. 6.5 crore against admitted claims of Rs.…

The insolvency tribunal NCLT approved Subhash Chandra's repayment plan. Lenders will receive only Rs 6.5 crore against Rs 22,006.57 crore claims. This represents a nearly 99.97…

NCLT approves Subhash Chandra's ₹6.5 crore repayment plan against ₹22,006 crore claims, raising concerns over creditor recovery expectations.

Media baron Subhash Chandra states his personal insolvency claim totals Rs 3,992 crore. He has not borrowed any money directly from any lender. Dissenting creditors claimed Rs…

HDFC Bank plans to appeal NCLT's order permitting Subhash Chandra's ₹6.5 crore repayment despite claims of ₹22,000 crore.

MUMBAI: With the National Company Law Tribunal this week clearing a repayment plan offering only Rs. 6.5 crore in a case concerning Zee Group’s Subhash Chandra’s personal…

NCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claims in insolvency case. The 99.97%…

NCLT's verdict in Subhash Chandra's case prompts lenders to adopt cautious strategies regarding personal guarantees and asset recovery.

Dissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra's financials to probe how his networth fell from more than Rs…

What is the law on personal guarantors? | India News