03-September-2026
Corporate News
 
NCLT 5-member bench stays August 25 verdict in Subhash Chandra insolvency
02-Sep-2026

A five-member bench of the National Company Law Tribunal (NCLT) on Tuesday stayed the operation of the August 25 verdict by a smaller bench of the tribunal in the personal insolvency case against Zee Group founder Subhash Chandra. The August 25 order had approved a Rs 6.25-crore repayment plan against admitted creditor claims of Rs 22,006.57 crore. The Bench, which comprised President Justice (retd) Anupinder Singh Grewal, Judicial Members Bachu Venkat Balaram Das and Mahendra Khandelwal, and Technical Members Atul Chaturvedi and Ravindra Chaturvedi, said that no clear majority view existed with respect to the previous verdict.

News Source:- https://www.financialexpress.com/business/news/nclt-5-member-bench-stays-august-25-verdict-in-subhash-chandra-insolvency/4329750/?ref=business_hp