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Subhash Chandra’s Repayment Plan Gets NCLT Boost, ₹22,006 Crore Claims May Fetch Creditors Just ₹6.5 Crore
Subhash Chandra's repayment plan, approved by the National Company Law Tribunal, will likely result in creditors receiving only ₹6.5 crore out of the claimed ₹22,006.57 crore, indicating a significant loss for creditors. The plan requires formal NCLT approval and could lead to creditors receiving just three paise for every ₹100 claimed, with nearly all dues being written off.
Read the full report at Free Press Journal →
Also covered by
- Free Press Journal: NCLT Approves Subhash Chandra Repayment Plan; Creditors Face 99.97% Haircut On ₹22,006 Crore Claims
- The Hindu National: 'Not haircut but mundan': Congress on NCLT clearing Subhash Chandra's ₹6.5 crore payout
- New Indian Express: Zee's Subhash Chandra gets NCLT nod for Rs 6.5 crore repayment against Rs 22,006 crore claims
- Business Standard: How NCLT approved Subhash Chandra's ₹6.5 cr payout against ₹22,006 cr claims
- Indian Express: Rs 22,006 crore claim, Rs 6.5 crore payout: Why NCLT’s Subhash Chandra order puts lens on insolvency framework
- Munsif Daily: HDFC Bank likely to challenge NCLT order giving 99.97 pc debt haircut to Subhash Chandra
- Livemint: Subhash Chandra's ₹6.5 cr payout to settle dues cleared by NCLT; Congress calls it ‘mundan’: Key things to know
- Livemint: ‘Complete mockery’: Congress slams Subhash Chandra’s 0.028% NCLT settlement plan; social media reacts
- Business Standard: Subhash Chandra says NCLT insolvency claim is ₹3,992 cr, not ₹22,000 cr
- NDTV India: "Indian Debt Resolution": Vijay Mallya On Subhash Chandra's 99.97% Debt Haircut
- Business Standard: HDFC Bank weighs NCLAT appeal against Subhash Chandra repayment plan
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