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Which banks opposed NCLT nod for Chandra's 99.97% haircut on dues?

short by Vaishnavi Mishra / on Saturday, 29 August, 2026
Several lenders have opposed Zee founder Subhash Chandra’s personal insolvency resolution plan, cleared by NCLT, which imposed a 99.97% haircut on admitted personal guarantee claims. HDFC Bank, LIC Housing Finance, Axis Bank, Canara Bank, RBL Bank and Union Bank of India opposed the plan. However, the NCLT said their objections were insufficient to overturn the creditor-approved resolution plan.
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