George Mathew; Navyaberi · Business · 2026-09-01
NCLT special bench stays Subhash Chandra’s Rs 6.25 cr settlement plan against
The NCLT’s August 25 order approving the repayment plan came after a split verdict by a two-member Bench was resolved by a third member. NCLT special bench stays Subhash Chandra’s Rs 6.25 cr settlement plan against Rs 22,006 cr claims.
Why it matters. This case highlights crucial judicial oversight in corporate insolvency and debt resolution involving massive financial claims against promoters.
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