Search
Results for “Subhash Chandra”
8 published stories matched.
HDFC Bank considers challenging NCLT order on Subhash Chandra debt haircut
HDFC Bank is considering challenging a National Company Law Tribunal (NCLT) order that granted a 99.97% debt haircut to Subhash Chandra. The bank stated that its admitted claim represents only 3.2% of the total stated amount and noted that the loan facility was inherited from HDFC Limited following their merger.
19 days agoSource: NDTV Profit1 sourceTrend 73
Subhash Chandra gets relief in personal guarantee case as banks accept 99% haircut
Subhash Chandra has secured relief in a personal guarantee case after creditors approved a repayment plan. Under the approved plan, leading banks face a 99% haircut, recovering just ₹6.5 crore against total claims of ₹22,006.57 crore. The court left the final commercial decision to the creditors, who held over 80% of the voting rights.
19 days agoSource: The Hindu — National1 sourceTrend 56
Rahul Gandhi targets Modi government over NCLT settlement plan for Subhash Chandra
Congress leader Rahul Gandhi has criticized the Modi government over the National Company Law Tribunal (NCLT) settlement plan for businessman Subhash Chandra, alleging the existence of 'two systems' in the country. Congress general secretary Jairam Ramesh also condemned the settlement, describing the major debt concession as a total shave rather than a simple haircut.
19 days agoSource: The Hindu — Business1 sourceTrend 52
Subhash Chandra Clarifies He Is Only Personal Guarantor, Not Direct Borrower
Prominent media figure Subhash Chandra has clarified that he has not borrowed any money from any lender in his personal capacity. He stated that his involvement is strictly limited to serving as a personal guarantor for corporate loans.
19 days agoSource: The Hindu — Business1 sourceTrend 52
Vijay Mallya Reacts To Subhash Chandra's 99.97% Debt Haircut In Insolvency Case
Businessman Vijay Mallya has commented on Indian debt resolution following a reported 99.97% debt haircut in a personal insolvency case involving media baron Subhash Chandra. Reports indicate that the decision has brought intense scrutiny to the functioning of personal insolvency frameworks and debt recovery processes in India.
19 days agoSource: NDTV — India1 sourceTrend 50
NCLT clears Subhash Chandra's ₹6.5 crore settlement; Congress criticises 99.97% haircut
The National Company Law Tribunal (NCLT) has approved a personal insolvency resolution plan for media baron Subhash Chandra, allowing him to settle ₹22,006.57 crore in admitted creditor claims for just ₹6.5 crore. This represents a 99.97% haircut for lenders. The Congress party criticised the decision, describing it as a 'mundan' (shaving) rather than a mere haircut for the banks.
19 days agoSource: The Hindu — Business1 sourceTrend 36
Congress Slams NCLT Ruling Reducing Essel Group Chairman Subhash Chandra's Liability
The Congress party has criticized a National Company Law Tribunal (NCLT) decision that significantly decreased the personal insolvency liability of Essel Group Chairman Subhash Chandra. The opposition party has questioned the ruling, which has sparked a major political row over the reported low settlement amount.
19 days agoSource: Hindustan Times — India1 sourceTrend 34
HDFC Bank may appeal ₹6.5 crore repayment plan for Subhash Chandra
HDFC Bank is considering an appeal against a proposed ₹6.5-crore repayment plan for Subhash Chandra. The private sector lender stated that the approved order would allow it to recover only 3.2% of its total outstanding claim against him.
19 days agoSource: Hindustan Times — India1 sourceTrend 31