Zee's Subhash Chandra claims he has Rs 6.5 crore left, lives on rental income amid NCLT's 99.97% loan haircut rowSubhash Chandra has said Rs 6.5 crore remains with him and that he will have to pay the amount under the insolvency plan, while rental inco...
29 Aug, 2026, 01.06 PM IST
99.97% haircut? How the scissors worked in the Subhash Chandra caseNCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claim...
28 Aug, 2026, 01.59 PM IST
How and why Zee founder Subhash Chandra's Rs 22,006 crore debt was chopped to just Rs 6.5 croreThe NCLT approved Subhash Chandra's insolvency plan, allowing a settlement of Rs 22,006 crore claims for Rs 6.25 crore. Dissenting lenders ...
28 Aug, 2026, 11.23 AM IST
HDFC Bank, LIC Housing Finance to contest Zee resolutionHDFC Bank and LIC Housing Finance will challenge the NCLT ruling on the Zee Group debt settlement. The approved plan includes a small payme...
28 Aug, 2026, 06.00 AM IST
NCLT Subhash Chandra Case: Rs 22,000 crore is not bank loan write-off, sources on orderThe National Company Law Tribunal approved a repayment plan for Essel Group founder Subhash Chandra. This plan does not signify banks writi...
27 Aug, 2026, 09.50 PM IST
HDFC Bank mulls NCLAT appeal over Subhash Chandra insolvency orderHDFC Bank plans to appeal a bankruptcy court ruling concerning Subhash Chandra. The court approved a repayment plan with a 99.97 percent ha...
27 Aug, 2026, 09.05 PM IST
Subhash Chandra clears air on Rs 22,000 crore personal insolvency claims against himMedia baron Subhash Chandra states his personal insolvency claim totals Rs 3,992 crore. He has not borrowed any money directly from any len...
27 Aug, 2026, 08.44 PM IST
'Not haircut but mundan': Congress on NCLT clearing Subhash Chandra's Rs 6.5 crore payoutThe NCLT has given the green light for Subhash Chandra's settlement of Rs 6.5 crore against outstanding dues of Rs 22,006 crore. This drast...
27 Aug, 2026, 11.58 AM IST
'Indian debt resolution justice," Vijay Mallya alleges denial of justice, raises debt resolution questionsIn December 2025, Mallya had questioned the Central government and public sector banks over what he described as inconsistent statements on...
27 Aug, 2026, 08.01 AM IST
Rs 22,006 crore claims, Rs 6.5 crore payout: NCLT clears Subhash Chandra planThe insolvency tribunal NCLT approved Subhash Chandra's repayment plan. Lenders will receive only Rs 6.5 crore against Rs 22,006.57 crore c...
26 Aug, 2026, 09.11 PM IST
China Evergrande fiasco: Court stops PwC International's attempt to distance itself from its local arm's doingsPricewaterhouseCoopers International's attempt to exit the multibillion-dollar Evergrande lawsuit has been dismissed by a Hong Kong court. ...
26 Aug, 2026, 01.40 PM IST
HC says won't consider non-encashment of Reliance Communications' bank guarantees as defaultThe Delhi High Court will not consider non-encashment of RCom bank guarantees as a default. This ruling applies until the next hearing sche...
25 Aug, 2026, 12.13 AM IST
Oriental Hotels board approves merger with Indian Hotels Company Limited (IHCL)Oriental Hotels Limited's board approved an amalgamation scheme with The Indian Hotels Company Limited. This significant merger requires ap...
24 Aug, 2026, 09.20 AM IST
Supreme Court dismisses Reliance Communications, lenders' petitions against bank guarantee invocationThe Supreme Court dismissed Reliance Communications lenders' challenge to the DoT's bank guarantee invocation. The court stated lenders sho...
21 Aug, 2026, 12.23 AM IST
China Evergrande founder Hui Ka Yan gets life in prison as property giant’s saga endsChina Evergrande founder Hui Ka Yan received a life sentence for fraud charges. The court also confiscated all of his personal property and...
20 Aug, 2026, 02.28 PM IST
Insolvency professionals need to be wary of IBC abuse indicators: IBBIInsolvency professionals are now required to watch for at least nine "indicators" to prevent abuse of the Insolvency and Bankruptcy Code (I...
19 Aug, 2026, 07.23 PM IST
Byju’s resolution professional seeks 90-day extension to resolve insolvencyShailendra Ajmera, the resolution professional from consultancy EY, told the Bengaluru bench of the National Company Law Tribunal on Tuesda...
18 Aug, 2026, 02.12 PM IST