Subhash Chandra faces insolvency proceedings – The Times of India

NEW DELHI: The National Company Law Tribunal (NCLT) on Monday admitted a petition filed by Indiabulls Housing Finance and directed initiation of personal insolvency proceedings against Subhash Chandra, the founder-chairman emeritus of Zee Entertainment Enterprises.Chandra had given a personal guarantee of around Rs 170 crore to a group entity Vivek Infracon and Indiabulls Housing Finance…