Subhash Chandra disputes Rs 22,000 crore claims
Essel group founder Subhash Chandra on Thursday disputed reports regarding his personal insolvency proceedings before the National Company Law Tribunal (NCLT). The founder of Zee TV said the Rs 22,006 crore figure represented historical claims and did not reflect the current position in the matter.
On Wednesday, media reports had said that Chandra would pay just Rs 6.5 crore to settle admitted creditor claims in his personal insolvency proceedings, translating into a haircut of nearly 99.97% for lenders.
