Indiabulls revives personal insolvency plea against Subhash Chandra
Indiabulls Housing Finance (IBHF) revived the personal insolvency plea against Zee Entertainment Enterprises Limited (ZEEL) chairman emeritus Subhash Chandra over guarantees given to a company called Vivek Infracon.
IBHF’s lawyer Sumesh Dhawan argued the case for over an hour at the National Company Law Tribunal (NCLT) on February 28. The case is likely to be heard again on March 4. The NCLT is currently considering the report filed by Chandra’s resolution professional Raj Kamal Sarogi.
According to IBHF, while Chandra had claimed that a settlement had been reached in the dispute, it has not fructified even after months. T…
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