“I have not borrowed any money from any lender,” Zee Group founder Subhash Chandra said on Thursday, clarifying that he was only a personal guarantor for borrowings raised by companies associated with the Essel Group. His statement came after the National Company Law Tribunal approved a ₹6.5-crore repayment plan in his personal insolvency proceedings against…
Essel Group founder Subhash Chandra on Thursday said media reports on his personal insolvency proceedings before the National Company Law Tribunal (NCLT) had misrepresented the quantum of claims against him and stated that the relevant claims totalled ₹3,992 crore and not ₹22,000 crore. “I have to state that certain vested media houses are spreading…
Chandra said certain media houses were spreading “wrong information” about his personal insolvency matter and urged platforms “to publish the facts and to remove any mis-information, that is incorrectly interpreted from the Court order.” “Dr. Chandra has not borrowed any money from any lender. Dr. Chandra is only a personal guarantor,” the statement said. According…
Jamie Carragher to avoid bankruptcy as ‘appropriate action’ taken to settle tax bill in UK Irish Independent Read the original article here
Quadrant Televentures Limited has formally submitted its Resolution Plan, approved by the Committee of Creditors (CoC), to the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench-I. This submission, dated August 27, 2026, is for final approval under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC). The company has been undergoing Corporate Insolvency Resolution…
New Delhi: The Congress on Thursday took a swipe over the insolvency tribunal NCLT clearing businessman Subhash Chandra’s Rs 6.5 crore payout to settle Rs 22,006 crore dues, saying this is not just a haircut but a “mundan” that makes a “complete mockery” of the Insolvency and Bankruptcy Code, 2016. There was no immediate reaction…
Contents If you take just one thing from this email… A company in trouble can ask a court to change what it owes, either by giving it longer to pay or by letting it pay back less. But American companies are increasingly doing this in London rather than in the US. The reason is one…
Media baron Subhash Chandra, the founder of Zee, has been at the centre of insolvency proceedings over debts linked to companies of the group. The National Company Law Tribunal (NCLT) has now approved a repayment plan under which Chandra will pay Rs 6.5 crore against admitted creditor claims of around Rs 22,006.57 crore. The decision…
Bayer Construct Ltd. has filed a request with the court to initiate insolvency proceedings, Attila Balázs, the owner of the Bayer Group, told employees yesterday. According to the company chief, developments over recent months have left the business facing serious financial exposure. He cited regulatory changes affecting projects under way, the Government’s decision concerning Zugló…
‘Last resort’ – Jamie Carragher slapped with bankruptcy petition from HMRC talkSPORT Read the original article here