Economy
Banks Recover Only 1% in Subhash Chandra Insolvency Case
Livemint2h
THE BRIEF
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Creditors have recovered only 1% of admitted claims in personal guarantor insolvency cases since fiscal year 2020, according to Insolvency and Bankruptcy Board of India data.
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The NCLT approved a ₹6.5 crore repayment plan for Zee Group founder Subhash Chandra on August 25, 2026, following a default on a ₹170 crore loan to Vivek Infracon.
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The plan received 80.81% support from creditors by value, though legal experts note that personal insolvency proceedings establish liability rather than guaranteeing full debt recovery.