‘Neta-Company Loot Tribunal’: Congress targets NCLT over Subhash Chandra’s Rs 6.5 crore settlement
The Congress on Thursday dubbed NCLT as ‘Neta-Company Loot Tribunal’ after it cleared media baron Subhash Chandra’s Rs 6.5 crore payout to settle Rs 22,006 crore dues and also took a swipe at the government, saying this was not just a haircut but a “mundan”.
The opposition party said the haircut approval by the National Company Law Tribunal (NCLT) makes a “complete mockery” of the Insolvency and Bankruptcy Code, 2016.
