The NCLT approved a resolution plan by Subhash Chandra to settle ₹22,006.57 crore in claims with only ₹6.5 crore, representing a 99.97% reduction. NCLT Member (Judicial) Nilesh Sharma, acting as the third member of the tribunal, approved the resolution plan on Tuesday under Section 114 of IBC.
The NCLT approved a resolution plan by Subhash Chandra to settle ₹22,006.57 crore in claims with only ₹6.5 crore, representing a 99.97% reduction. NCLT Member (Judicial) Nilesh Sharma, acting as the third member of the tribunal, approved the resolution plan on Tuesday under Section 114 of IBC.
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The NCLT approved a resolution plan by Subhash Chandra to settle ₹22,006.57 crore in claims with only ₹6.5 crore, representing a 99.97% reduction. NCLT Member (Judicial) Nilesh Sharma, acting as the third member of the tribunal, approved the resolution plan on Tuesday under Section 114 of IBC.
