NCLAT issues notice to creditors on Subhas Chandra's plea

NCLAT issued notices to creditors on a plea filed by Subhash Chandra challenging an order restricting him from alienating his assets. The Delhi Bench of NCLT had restrained him from alienating his assets during insolvency proceedings initiated against him in his capacity as a personal guarantor. NCLAT has directed the creditors to file their replies within a week.