Zee Group founder Subhash Chandra on Wednesday told the National Company Law Appellate Tribunal (NCLAT) that he had been ‘vilified’ over reports that he had proposed to pay Rs 6.5 crore against admitted creditor claims of Rs 22,006 crore.
Appearing for Chandra, Advocate Sasmit Patra said the proceedings had resulted in a “media trial” that had damaged his client’s reputation, despite there being no final order approving the proposed plan.
Solicitor General Tushar Mehta, appearing for the lenders who have challenged the repayment plan, objected to Patra’s submission and said that the NCLAT proceedings should not be used to make statements intended for publication in the media.
While the NCLAT observed that Chandra should raise…