Subhash Chandra's plan to pay just ₹6.5 cr to settle ₹22,006-cr debt cleared by NCLT

Insolvency tribunal NCLT has approved Subhash Chandra's plan, under which the Zee founder will pay ₹6.5 crore to settle admitted creditor claims of about ₹22,006.57 crore in his personal insolvency resolution process. LIC Housing Finance, which is leading creditors' group, will be repaid ₹38 lakh against a ₹1,322.39-crore claim. Creditors holding 80.81% of the voting share supported the plan.