Prabhakar Jha · Business · 2026-08-29
Subhash Chandra insolvency: Union Bank to challenge NCLT order approving
Subhash Chandra insolvency case: Union Bank of India (UK) will challenge the NCLT's approval of Subhash Chandra's ₹6.5-crore repayment plan against ₹22,006.57 crore in claims. HDFC Bank is also weighing an appeal, while LIC Housing Finance will pursue principal borrowers. Subhash Chandra insolvency: Union Bank to challenge NCLT order approving ₹6.5-crore repayment plan | Mint.
Why it matters. This case highlights significant legal and financial tensions regarding the recovery of massive corporate debt under India's insolvency framework.
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