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Chandra's plan to be watched by 5-member bench

Chandra's plan to be watched by 5-member bench

Finance · 2 updates

Chandra's plan to be watched by 5-member bench

New Delhi, Insolvency tribunal NCLT on Monday formed a five-member bench to decide on media baron Subhash Chandra's repayment plan in a personal insolvency case involving claims of more than Rs 22,000 crore after a division bench failed to reach a majority verdict.The division bench had referred the personal insolvency case against the Essel Group Chairman to the tribunal's president for fresh adjudication after failing to reach majority consensus on a proposed Rs 6.5 crore repayment plan despite referring the matter to a third judge.Also read: Subhash Chandra Rs 22,000 cr case: NCLT fails to

NCLT's first-ever 5-member Bench to decide on Subhash Chandra repayment plan

A Division Bench had failed to reach a majority verdict in a personal insolvency case involving claims of more than ₹22,000 crore

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