NCLT forms 5-member special bench to decide Zee founder Subhash Chandra’s Rs 22,006-crore repayment plan
The NCLT has constituted a five-member special bench to resolve the deadlock over Zee founder Subhash Chandra’s repayment plan after three tribunal members delivered differing views. The plan involves ₹1,494 crore from principal borrowers and ₹6.25 crore from Chandra, who guaranteed ₹22,006 crore in Essel Group borrowings. Dissenting lenders oppose it.
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