Congress leader Rahul Gandhi. (File Photo)
The Congress on Thursday took a swipe at the government after the NCLT approved media baron Subhash Chandra’s Rs 6.5 crore payout to settle dues of Rs 22,006 crore, dubbing the tribunal the ‘Neta-Company Loot Tribunal’ and calling the move not merely a haircut but a “mundan”.
The opposition party said the haircut approval by the National Company Law Tribunal (NCLT) makes a “complete mockery” of the Insolvency and Bankruptcy Code, 2016.
In his reaction, Chandra said the total claim against him in the personal insolvency proceedings is only “Rs 3,992 crore” for which he was a personal guarantor and not the borrower.
In a statement, Chandra claimed that he “has not borrowed any money from any…