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99.97% haircut? How the scissors worked in the Subhash Chandra case - The Economic Times
NCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claims in insolvency case. The 99.97% haircut has sparked controversy, but the claims relate to his role as a personal guarantor, not personal borrowing. Creditors can retain recovery rights against the principal borrowing companies.
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NCLT Approves Subhash Chandra Repayment Plan; Creditors Face 99.97% Haircut On ₹22,006 Crore Claims
https://www.freepressjournal.in/business/nclt-approves-subhash-chandra-repayment-plan-creditors-face-9997-haircut-on-22006-crore-claims
Rs 22,000 cr-debt, Rs 6.25 cr payout: HDFC, LIC fight Subhash Chandra's pay plan - India Today
https://www.indiatoday.in/business/story/subhash-chandra-debt-repayment-plan-hdfc-bank-lic-housing-challenge-nclt-order-rs-6-5-crore-2981674-2026-08-28
NCLT Subhash Chandra Case: Rs 22,000 crore is not bank loan write-off, sources on order - The Economic Times
https://economictimes.indiatimes.com/industry/media/entertainment/media/nclt-subhash-chandra-case-rs-22000-crore-is-not-bank-loan-write-off-sources-on-order/articleshow/133573376.cmsHow and why Zee founder Subhash Chandra's Rs 22,006 crore debt was chopped to just Rs 6.5 crore - The Economic Times
https://economictimes.indiatimes.com/industry/banking/finance/banking/inside-zee-founder-subhash-chandras-insolvency-case-how-did-a-rs-22006-crore-claim-shrink-to-just-rs-6-5-crore/articleshow/133584047.cmsZee's Subhash Chandra claims he has Rs 6.5 crore left, lives on rental income amid NCLT's 99.97% loan haircut row - The Economic Times
https://economictimes.indiatimes.com/news/india/zees-subhash-chandra-claims-he-has-rs-6-5-crore-left-lives-on-rental-income-amid-nclts-99-97-loan-haircut-row/articleshow/133602753.cms