These financial institutions are opposing Subhash Chandra's ₹6.25cr repayment plan
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Canara Bank, Union Bank of India, and LIC Housing Finance are challenging an National Company Law Tribunal (NCLT) order approving Essel Group Chairman Subhash Chandra's ₹6.25 crore repayment plan.
The move has intensified the legal battle over settling claims related to his personal guarantees.
The lenders collectively hold an 8.45% voting share in Chandra's insolvency proceedings and oppose his repayment plan.
The move has intensified the legal battle over settling claims related to his personal guarantees.
The lenders collectively hold an 8.45% voting share in Chandra's insolvency proceedings and oppose his repayment plan.
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