02-September-2026
Corporate News
 
NCLT issues notices in Subhash Chandra insolvency, bars property disposal
01-Sep-2026

A five-member special National Company Law Tribunal (NCLT) bench, constituted to hear the personal insolvency case of Subhash Chandra, on Tuesday issued notices to all the parties and directed the Essel Group chairman not to alienate his properties, either directly or indirectly. Background to the Insolvency Case Last week, the NCLT had approved a repayment plan under which creditors were set to recover about Rs 6.25 crore from Chandra's personal estate against claims of roughly Rs 22,006 crore.

News Source:- https://www.rediff.com/business/report/nclt-directs-subhash-chandra-to-not-alienate-properties-amidst-insolvency-case/20260901.htm