Market snapshot: LIC Housing Finance has clarified that the National Company Law Tribunal’s approval of Dr. Subhash Chandra’s personal guarantor repayment plan will not impact its primary security interests. While the plan offers a minuscule direct payout against the lender’s admitted dues, the company confirmed that it continues to hold and enforce mortgages over the charged physical assets.
Data Snapshot
- LIC Housing Finance has an admitted claim of ₹1,322.39 crore in Dr. Subhash Chandra’s personal guarantor proceedings.
- The NCLT-approved repayment plan allocates a proposed cash payout of just ₹38.09 lakh to LIC Housing Finance.
- The personal guarantor’s total repayment plan covers ₹6.5 crore against ₹22,006.57 crore in total…