 "Subhash Chandra")
With this, IDBI Trusteeship and Axis Bank appeal against Chandra being admitted to personal insolvency has been rejected.
The National Company Law Tribunal (NCLT) Delhi on Monday admitted Indiabulls Housing Finance’s (IBHF) personal insolvency plea against Zee Entertainment Enterprises Limited (ZEEL) chairman emeritus Subhash Chandra over guarantees given to a company called Vivek Infracon.
With this, IDBI Trusteeship and Axis Bank appeal against Chandra being admitted to personal insolvency has been rejected.
IBHF had earlier told the tribunal that Subhash Chandra had claimed that a settlement had been reached in the dispute, but it had not materialised even after months….
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