NCLT Admits Zee's Subhash Chandra to Personal Insolvency on Indiabulls' Plea – Indiainfoline
The National Company Law Tribunal (NCLT) admitted Subhash Chandra, Zee Entertainment Enterprises Ltd. (ZEEL) chairman emeritus, into personal insolvency following a plea by Indiabulls Housing Finance over guarantees given to Vivek Infracon. NCLT in Delhi dismissed pleas by IDBI Trusteeship and Axis Bank against Chandra’s admission to personal insolvency. Chandra’s admission to moratorium implies no…
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