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NCLT bars Subhash Chandra from disposing of properties in insolvency case
A five-member special 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. Last week, NCLT approved a repayment plan under which creditors are set to recover about Rs 6.25 crore from Chandra's personal estate against claims of roughly Rs 22,006 crore. Chandra said the Rs 22,006 crore figure had been widely misunderstood becau…
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