Economy
Subhash Chandra Faces Lender Appeal Against NCLT Repayment Plan
Livemint3h
THE BRIEF
1
Zee founder Subhash Chandra stated he has only ₹6.5 crore remaining to repay creditors after the NCLT approved a plan on August 25 for a ₹6.25 crore settlement.
2
The approved plan covers admitted claims of approximately ₹22,006.57 crore, though lenders including Canara Bank and Union Bank of India (UK) plan to challenge the order at the NCLAT.
3
Chandra, who claims to have sold family assets and his house to settle debts, plans to rebuild his wealth through new investments and startup ventures with a Swiss partner.