Dissenting Lenders Allege Family-Linked Companies Rigged the Approval Vote:
A massive corporate and legal controversy has erupted surrounding the personal insolvency resolution plan of veteran media baron and Essel Group founder Subhash Chandra. Dissenting lenders and financial institutions have raised serious allegations, claiming that Chandra’s personal bankruptcy restructuring plan was pushed through the Committee of Creditors (CoC) using questionable voting majorities held by entities … Read more