Subhash Chandra’s Rs 22,006-Crore Debt Cut to Rs 6.5 Crore: Why NCLT Approved the Plan
Zee Group founder Subhash Chandra’s personal insolvency case has taken a dramatic turn, with the National Company Law Tribunal (NCLT) approving a repayment plan that offers creditors around ₹6.5 crore against admitted claims worth ₹22,006.57 crore. The approval translates into a recovery of roughly three paise for every ₹100 owed, representing a haircut of nearly … Read more