Dr Subhash Chandra responds to claims over Essel Group debt, NCLT proceedings and his personal wealth, saying Rs 43,000 crore of Rs 45,000 crore liabilities has...
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Subhash Chandra NCLT Controversy
The ongoing controversy surrounding Subhash Chandra and the National Company Law Tribunal (NCLT) involves disputes over insolvency claims and repayment plans. Chandra asserts that the claims against him are inflated and emphasizes the importance of verifying facts.
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Rising Insolvency Claims
Dr Subhash Chandra Responds to Claims: ‘Don’t Be Misled, Verify the Facts’
Timeline of Key Developments
3 Events
Sep 2023
Public Response to Claims
Chandra responds to the controversy, urging the public to verify the facts and not be misled.
Sep 2023
Chandra Disputes Insolvency Claims
Subhash Chandra publicly disputes the ₹22,000 crore insolvency claims, stating the actual claims are...
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Oct 2023
NCLT Approves Repayment Plan
The NCLT approved Subhash Chandra's repayment plan of ₹6.5 crore against the disputed claims.
20 Sep 2023
Public Response to Claims
Chandra responds to the controversy, urging the public to verify the facts and not be misled.
25 Sep 2023
Chandra Disputes Insolvency Claims
Subhash Chandra publicly disputes the ₹22,000 crore insolvency claims, stating the actual claims are much lower.
01 Oct 2023
Latest
NCLT Approves Repayment Plan
The NCLT approved Subhash Chandra's repayment plan of ₹6.5 crore against the disputed claims.
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Dr Subhash Chandra Responds to Claims: ‘Don’t Be Misled, Verify the Facts’
Truth will prevail: Subhash Chandra responds to NCLT controversy
Zee founder says the widely cited Rs 22,000-crore figure relates to claims arising from personal guarantees, not money borrowed by him
Subhash Chandra disputes ₹22,000 cr insolvency claims, says lenders’ claims are ₹3,992 cr
In a statement issued from his office, Chandra said he had not personally borrowed money from the lenders and had acted only as a personal guarantor for loans r...
NCLT approves Subhash Chandra’s ₹6.5 crore repayment plan against Rs 3992 crore claims
The order clears way for implementation of the repayment plan under the Insolvency and Bankruptcy Code
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AI-assisted summary, reviewed by our newsroom
The ongoing controversy surrounding Subhash Chandra and the National Company Law Tribunal (NCLT) involves disputes over insolvency claims and repayment plans. Chandra asserts that the claims against him are inflated and emphasizes the importance of verifying facts.