The NCLT has halted a proposed plan to settle ₹22,006 crore in claims against Subhash Chandra with a payment of just ₹6.25 crore. The tribunal has ordered a fresh hearing due to a split verdict among its members and issued an order barring the Zee Group founder from selling his assets. This development marks a significant delay in the ongoing personal insolvency proceedings.
The National Company Law Tribunal has officially stayed the August 25, 2026, order that had initially approved a repayment proposal involving a small fraction of the total admitted claims against Zee Group founder Subhash Chandra. The case, which involves total admitted claims of approximately ₹22,006.57 crore, has faced significant legal hurdles, resulting in…