Subhash Chandra's ₹6.5 crore repayment plan to settle ₹22,000-crore debt halted by NCLT
In a major setback, NCLT has put Zee Founder Subhash Chandra's ₹6.5-crore repayment plan to settle ₹22,000-crore debt on hold. A five-member bench of the tribunal will now re-examine the plan, saying the earlier three-member bench failed to reach a clear majority. NCLT also barred Chandra from directly or indirectly transferring or selling his properties while his matter is heard.
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