Subhash Chandra
Subhash Chandra has publicly accused Mukesh Ambani's media network of spreading a false narrative about his insolvency case. Reliance denies it. Separately, Chandra says he sold his family home and plans to start over in Switzerland.
NCLT
HDFC Bank, Axis Bank, Canara Bank, RBL Bank, Union Bank of India, and LIC Housing Finance all opposed the NCLT-approved plan under which Subhash Chandra pays ₹6.5 crore against ₹22,006 crore in claims. Here is what the tribunal itself said its role was, and was not.
NCLT
The National Company Law Tribunal has approved a repayment plan under which Essel Group founder Subhash Chandra will pay ₹6.5 crore against admitted creditor claims of ₹22,006.57 crore. Here is what the order actually says, and what each side says it means.