NCLT puts Subhash Chandra repayment plan on hold, bars him from alienating properties

A special NCLT bench issued notices and banned property alienation in Subhash Chandra's insolvency case. The tribunal noted no majority view on the proposed repayment plan. Creditors are set to recover a small fraction of their admitted claims. The case reached the five-member bench after differing views from a two-member bench. An appeal by dissenting creditors is now before the NCLAT for urgent hearing.

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