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Subhash Chandra's dissenting lenders Canara Bank, Union Bank move NCLAT against NCLT order - The Economic Times
Dissenting lenders have challenged the NCLT order approving Subhash Chandra's personal insolvency plan. The Essel Group chairman's plan proposes a Rs 6.5 crore payment against creditor claims. Lenders argued that five entities linked to Chandra's family improperly influenced the voting process. The NCLT approved the plan after a third member ruled in its favor. The appellate tribunal will now hear the lenders' challenge on Tuesday.
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Union Bank, LIC Housing Fin, Canara Bank challenge NCLT nod to Subhash Chandra resolution plan - The Economic Times
https://economictimes.indiatimes.com/news/company/corporate-trends/union-bank-challenges-nclt-nod-to-subhash-chandra-resolution-plan/articleshow/133609337.cmsNCLT forms 5-member bench to decide on Subhash Chandra's Rs 6.5 crore repayment plan - The Economic Times
https://economictimes.indiatimes.com/industry/banking/finance/banking/nclt-forms-5-member-bench-to-decide-on-subhash-chandras-rs-6-5-crore-repayment-plan/articleshow/133659618.cms
Subhash Chandra Insolvency Case: NCLAT To Hear Creditors’ Challenge Against NCLT Repayment Plan Tomorrow
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https://economictimes.indiatimes.com/industry/banking/finance/banking/hdfc-bank-mulls-nclat-appeal-over-subhash-chandra-insolvency-order/articleshow/133572647.cms