Subhash Chandra’s office on Thursday clarified reports related to the Zee founder’s personal insolvency case before the National Company Law Tribunal (NCLT).
Tribunal cites Chandra’s low personal asset value and bankruptcy risk.
The office of Zee founder Subhash Chandra on Thursday issued a clarification over reports about his personal insolvency case before the National Company Law Tribunal (NCLT).
The office said some reports had presented the figures in the case without reflecting the current status of the proceedings. It said the Rs 22,000-crore figure being reported refers to total claims filed in the case and does not represent the amount currently owed by Chandra.
CHANDRA SAYS HE WAS ONLY A PERSONAL GUARANTOR
According to the…